153 East 110th Street, Chicago

153 E. 110th St is a five (5) unit walk-up located in Chicago's historic Pullman neighborhood. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and one (1) block north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 153 E 110th St is comprised of four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces. 153 E. 110th St presents an investor with a unique opportunity to acquire an incredibly strong, positive cash cash-flowing asset with an in-place cap rate of 9.24%. Solely through bringing all units up to market rate, a new owner could achieve a cap rate over 9.5% and a cash return of 15.33%.