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3631 147th St
Midlothian, IL 60445
21 Unit Portfolio! · Property For Sale
·
16,120 SF Total
INVESTMENT HIGHLIGHTS
- 18 of the 21 Units are located in Illinois
EXECUTIVE SUMMARY
** Selling My Personal Portfolio **
** Allowing Buyer to Take Over My Long Term Financing in Place, Sub To**
(9) Single Families
(2) 3 Unit Properties
(1) 6 Unit Property
18 of the 21 Units are located in Illinois.
3 Units Located in Indiana
Deal Terms:
Portfolio Value: $2.3M - $2.5M
Current Loan Balance in Place: $1.1M
Current Average Interest Rate in Place: 5.3%
Current PITI Payment: $12,900/month
Current Rent Roll: $23,400
Pro Forma Rent Roll: $29,000
Pro Forma achievable in 12 months' time through simple rent raising of current tenants (no major rehab or CapEx needed to achieve)
Estimated Pro Forma NOI After Debt Service: $11,500/ month - $138,000/annual
Asking: $1.2MM (my current equity)
Cash on Cash Return @$1.2M: 11.5%
Management already in place and factored into NOI
** Allowing Buyer to Take Over My Long Term Financing in Place, Sub To**
(9) Single Families
(2) 3 Unit Properties
(1) 6 Unit Property
18 of the 21 Units are located in Illinois.
3 Units Located in Indiana
Deal Terms:
Portfolio Value: $2.3M - $2.5M
Current Loan Balance in Place: $1.1M
Current Average Interest Rate in Place: 5.3%
Current PITI Payment: $12,900/month
Current Rent Roll: $23,400
Pro Forma Rent Roll: $29,000
Pro Forma achievable in 12 months' time through simple rent raising of current tenants (no major rehab or CapEx needed to achieve)
Estimated Pro Forma NOI After Debt Service: $11,500/ month - $138,000/annual
Asking: $1.2MM (my current equity)
Cash on Cash Return @$1.2M: 11.5%
Management already in place and factored into NOI
PROPERTY FACTS
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 16,120 SF |
| Status | Active | Total Land Area | 1.42 AC |
| Number of Properties | 11 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 11 |
| Individually For Sale | 0 |
| Total Building Size | 16,120 SF |
| Total Land Area | 1.42 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3811 171st St, Country Club Hills, IL 60478 | Multifamily | 1,100 SF | 1970 | - |
| 3734 171st St, Country Club Hills, IL 60478 | Multifamily | 1,100 SF | 1970 | - |
| 18960 John Ave, Country Club Hills, IL 60478 | Specialty | 1,270 SF | - | - |
| 16881 Shea Ave, Hazel Crest, IL 60429 | Specialty | 1,333 SF | 1955 | - |
| 2229 170th St, Hazel Crest, IL 60429 | Specialty | 1,215 SF | 1949 | - |
| 16764 Trapet Ave, Hazel Crest, IL 60429 | Specialty | 1,100 SF | - | - |
| 17023 Lincoln St, Hazel Crest, IL 60429 | Specialty | 1,066 SF | 1908 | - |
| 16935 Western Ave, Hazel Crest, IL 60429 | Specialty | 916 SF | 1951 | - |
| 16880 Western Ave, Hazel Crest, IL 60429 | Specialty | 870 SF | - | - |
| 3631 147th St, Midlothian, IL 60445 | Multifamily | 4,350 SF | 1963 | - |
| 5542 Mulberry Ave, Portage, IN 46368 | Multifamily | 1,800 SF | 1970 | - |
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