6308 South Albany AvenueChicago, IL 60629

This exceptional 8-unit multifamily property, located at 6308 South Albany Avenue in Chicago's vibrant Chicago Lawn neighborhood, presents a compelling investment opportunity. The building boasts a desirable mix of unit types, including two retail spaces, one 1-bedroom/1-bathroom unit, and five 2-bedroom/1-bathroom units. Recent capital improvements have enhanced the property's value and appeal, including the installation of individual furnaces in each unit and in-apartment laundry in three units. Furthermore, the west retail space has undergone a complete renovation and is currently rent-ready. The property sits on a corner lot, offering excellent visibility and accessibility. Its convenient location near popular retail destinations and public transportation, including Chicago's Metra system via nearby bus stops, ensures strong tenant demand. This asset offers significant potential for rental income growth through unit renovations and market-rate rent stabilization. Projections indicate a potential cap rate of 11.78% and a cash return exceeding 24%. The building's 6,600 square foot footprint is situated on a 0.15-acre lot. This is an ideal opportunity for investors seeking a property with substantial upside potential in a thriving Chicago neighborhood. The property is priced at $465,000.