6348 S. Ada Street

6348 S. Ada Street, Chicago, IL 60636

  • For Sale $975,000
  • Property Type Multi-Family
  • Property Size 10,700 SF
  • Units 13
  • Year Renovated -1
  • Date Updated Jan 29, 2024
EnglewoodKiser Group is pleased to exclusively offer for purchase 6348 S. Ada, a thirteen (13) unit walk-up in the West Englewood neighborhood of Chicago's South Side. The building sits directly across from Ogden Park - a 60 acre space which boasts a pool, basketball and tennis courts, baseball diamond and a playground. Additionally, the building is ideally situated just four (4) blocks away from Ashland/63rd 'El' train station. 6348 S. Ada is comprised of five (5) 1b/1ba units and (8) 2b/1ba units. Seven (7) of these units have been recently renovated to include updated kitchens and baths with hardwood floors throughout. Additional improvements to the building consist of, but are not limited to, a new Peerless boiler, modern 100 gallon hot water tank, and updated electric with breaker boxes in unit. 6348 S. Ada presents an investor a unique opportunity of acquiring cash flowing building with a significant value-add component. At list price, the building performs at a 9.23% cap rate. However, solely by raising current rents to market rate levels by way of steady rent increases there is an opportunity to achieve a 10.95% cap rate.

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Highlights

  • Eight (8) 2Bd/1Ba & Five (5) 1Bd/1Ba
  • Brand New Peerless Boiler (2023)
  • Seven (7) Recently Renovated Units
  • Value-Add Opportunity
  • Significant Rental Upside

Contacts

broker

Noah Birk

Kiser Group

(773) 293-5090

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood West Englewood
  • Zip Code 60636
  • Market Chicago

Points of Interest

  • Ashland/63rd

    0.29 miles

  • Halsted

    0.71 miles

  • 63rd

    1.42 miles

  • 69th

    1.79 miles

  • Garfield

    1.81 miles

  • King Drive

    2.20 miles

  • Western

    2.28 miles

  • Garfield

    2.37 miles

  • 79th

    2.55 miles

  • 51st

    2.63 miles

  • Citgo

    0.23 miles

  • Clark

    0.44 miles

  • Citgo

    0.53 miles

  • Marathon

    0.64 miles

  • Citgo

    0.65 miles

  • GoLo

    0.75 miles

  • Super Save

    0.81 miles

  • Food 4 Less

    0.82 miles

  • Citgo

    0.82 miles

  • Marathon

    0.91 miles

  • Ashland/63rd Park & Ride

    0.27 miles

  • Western Park & Ride

    2.29 miles

  • Garfield Park & Ride

    2.38 miles

  • Campus South Parking

    2.79 miles

  • Parkiing / Mat Mgmt

    2.81 miles

  • Medical Campus Parking Garage A

    2.84 miles

  • Medical Campus Parking Garage B

    2.89 miles

  • Kedzie Park & Ride

    3.07 miles

  • Campus North Parking Garage

    3.18 miles

  • Lexington Parking Lot

    3.22 miles

  • Best Motel

    2.23 miles

  • Empire Motel

    3.15 miles

  • New Budget Motel

    3.23 miles

  • The Study at the University of Chicago

    3.30 miles

  • East of the Ryan

    3.44 miles

  • Crossroads Hotel

    3.61 miles

  • Amber Inn Motel

    3.62 miles

  • Carlton Inn Midway

    3.74 miles

  • Sophy Hotel

    3.75 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.91 miles

  • Checkers

    0.30 miles

  • McDonald's

    0.32 miles

  • KFC

    0.50 miles

  • Wingstop

    0.61 miles

  • Chipotle

    0.69 miles

  • Subway

    0.73 miles

  • Subway

    0.76 miles

  • White Castle

    0.78 miles

  • Checkers

    0.83 miles

  • Subway

    0.84 miles

  • Former Woods Elementary School

    0.25 miles

  • Bass Elementary School

    0.32 miles

  • Providence Englewood Charter School

    0.34 miles

  • Anna R. Langford Community Academy

    0.44 miles

  • Saint Raphael School

    0.47 miles

  • Bottles to Books

    0.49 miles

  • Assumption School

    0.60 miles

  • Philadelphia Church of God in Christ School

    0.62 miles

  • Harper High School

    0.62 miles

  • Charles Harrison Mason Bible College

    0.62 miles

  • UChicago Child Development Center - Drexel

    2.97 miles

  • Brighton Park Early Learning Center

    3.41 miles

  • DJ Brooks Child Development Center

    3.80 miles

  • Daycare

    4.43 miles

  • Kenyatta's Day Care and Learning Center

    4.87 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    4.93 miles

  • Peter Cottontail Day Nursery

    5.35 miles

  • The Goddard School

    5.66 miles

  • New Zion Childcare Academy

    6.09 miles

  • Me & You Learning Academy

    6.16 miles

Frequently Asked Questions

What is the lease rate for 6348 S. Ada Street?

Rental asking rate at 6348 S. Ada Street is $487,500.00/YR.

What is the total square footage of 6348 S. Ada Street?

6348 S. Ada Street totals 10,700 square feet.

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Contact Listing Broker

broker

Noah Birk

Kiser Group

(773) 293-5090