Map of Property

400 E. 109th Street

400 E. 109th Street, Chicago, IL 60628

  • For Sale $400,000
  • Property Type Multi-Family
  • Property Size 5,400 SF
  • Units 6
  • Date Updated Jan 29, 2024
PullmanKiser Group is pleased to exclusively offer for purchase 400 E. 109th, a six (6) 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 two (2) blocks north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 400 E. 109th St has an incredibly desirable unit mix comprised of five (5) 2bd/1ba units and one (1) 1b/1ba garden apartment. Each unit features hardwood floors and spacious floorplans with an over-sized great room and a large eat-in kitchen. Recent improvements to the building include, but are not limited to: copper plumbing, updated electric, and with an abundance of masonry and tuckpointing. The building also features onsite laundry facilities as well as five (5) parking spaces in the rear. 400 E. 109th St. presents an investor with a unique opportunity to acquire an incredibly strong, positive cash flowing asset with an in place cap rate of over 9%. Furthermore, solely through light apartment upgrades, and bringing the rents to levels already being achieved, a new owner has the ability to achieve a cap rate of over 10% and a cash return over 18.37%.

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Highlights

  • Desirable Unit Mix: Five (5) 2BD/1BA & One (1) 1BD/1BA
  • 100% Occupied
  • Spacious Floorplans
  • 100% Copper Plumbing

Contacts

broker

Noah Birk

Kiser Group

(773) 293-5090

Location

Getting Around

  • Walk Score ®

    57/100 Somewhat Walkable

  • Transit Score ®

    62/100 Good Transit

  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Roseland
  • Zip Code 60628
  • Market Chicago

Points of Interest

  • 111th Street (Pullman)

    0.29 miles

  • Kensington (115th Street)

    0.73 miles

  • State Street

    1.59 miles

  • Stewart Ridge

    1.81 miles

  • 95th/Dan Ryan

    1.83 miles

  • West Pullman

    2.16 miles

  • 103rd Street (Washington Heights)

    2.29 miles

  • Racine Avenue

    2.54 miles

  • 95th Street (Longwood)

    2.56 miles

  • 87th

    2.79 miles

  • Pullman Citgo

    0.48 miles

  • Marathon

    0.59 miles

  • Super Save

    0.60 miles

  • Shell

    0.68 miles

  • Marathon

    0.76 miles

  • Citgo

    0.84 miles

  • Citgo

    1.06 miles

  • Mobil

    1.09 miles

  • Citgo

    1.13 miles

  • Citgo

    1.49 miles

  • City of Chicago Auto Pound

    1.52 miles

  • Auto Warehousing Company

    3.02 miles

  • 93rd (South Chicago)

    3.99 miles

  • Hegewisch NICTD #1

    4.91 miles

  • Car Parking

    4.97 miles

  • Blue Island Park & Ride

    4.98 miles

  • Hegewisch Accessible Parking

    5.11 miles

  • Hegewisch Park & Ride

    5.12 miles

  • Lot 10

    5.13 miles

  • Lot 7

    5.16 miles

  • Royal Motel

    0.94 miles

  • Admiral Motel

    2.26 miles

  • Skyway Motel

    2.62 miles

  • Beverly Motel & Suites

    2.67 miles

  • Plaza Inn

    3.47 miles

  • Days Inn Calumet Park

    3.50 miles

  • New Budget Motel

    3.51 miles

  • Knights Inn Calumet Park

    3.52 miles

  • South Shore Motel

    3.80 miles

  • East of the Ryan

    3.84 miles

  • Wendy's

    0.56 miles

  • Lexington Betty Smoke House

    0.60 miles

  • Majani

    0.61 miles

  • One Eleven Food Hall

    0.61 miles

  • Potbelly

    0.63 miles

  • Dunkin'

    0.76 miles

  • Sammy's Breakfast

    0.78 miles

  • Subway

    0.78 miles

  • Burger King

    0.79 miles

  • White Castle

    0.79 miles

  • Park Vernon Learning Academy

    0.22 miles

  • Gwendolyn Brooks Preparatory Academy

    0.23 miles

  • Cullen Elementary School

    0.27 miles

  • All Saints School

    0.46 miles

  • Debbies School of Beauty Culture

    0.48 miles

  • Poe Classical School

    0.52 miles

  • Holy Rosary School

    0.57 miles

  • Martin Luther Educational Center

    0.57 miles

  • Pullman Elementary School

    0.59 miles

  • Mildred I Lavizzo Elementary School

    0.70 miles

  • Me & You Learning Academy

    1.55 miles

  • Daycare

    2.32 miles

  • Mari's Bumble Bee Academy

    3.57 miles

  • Shining Star Child Development

    3.91 miles

  • Shining Star Child Development

    4.04 miles

  • Restoring the Seed Childcare

    4.25 miles

  • Council Oak Montessori School

    4.67 miles

  • Kenyatta's Day Care and Learning Center

    4.94 miles

  • DJ Brooks Child Development Center

    5.22 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    5.27 miles

Frequently Asked Questions

What is the lease rate for 400 E. 109th Street?

Rental asking rate at 400 E. 109th Street is $200,000.00/YR.

What is the total square footage of 400 E. 109th Street?

400 E. 109th Street totals 5,400 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Noah Birk

Kiser Group

(773) 293-5090