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CHICAGO FIVE PORTFOLIO 5 Multifamily Properties Offered at $4,570,000 in Chicago, IL
Investment Highlights
- 5 buildings, 33 units
- 15.15% cash-on-cash return
- Assumable loan: 4.99% IR, 2032 Maturity
- Diverse unit-mix: (5) 1Bd/1Ba, (15) 2Bd/1Ba, (7) 3Bd/1Ba, (6) 3Bd/2Ba
- Value-add capability; upgrade interiors, increase rent
- Located in both of Chicago's Northwest and Southside neighborhoods: Logan Square, Humboldt Park, Chicago Lawn, Chatham
Executive Summary
Introducing the Chicago Five Portfolio- an exceptional opportunity to invest in five properties in up-and-coming neighborhoods. The buildings have been meticulously managed and boast a strong tenant base, creating an easy transition for the new owner. Building systems and roofs have been continuously repaired as needed or replaced. Renovations have begun and high rents executed on those units. Excellent cash-on-cash in year 1 and a high level of value-add potential makes this a stand-out investment.
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Property Facts
| Price | $4,570,000 | Number of Properties | 5 |
| Price / SF | $124.67 / SF | Individually For Sale | 0 |
| Cap Rate | 8.52% | Total Building Size | 36,656 SF |
| Sale Type | Investment | Total Land Area | 0.83 AC |
| Status | Active |
| Price | $4,570,000 |
| Price / SF | $124.67 / SF |
| Cap Rate | 8.52% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 36,656 SF |
| Total Land Area | 0.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3720-3722 W McLean Ave, Chicago, IL 60647 | Multifamily | 8,100 SF | 1928 | - |
| 8330 S Maryland Ave, Chicago, IL 60619 | Multifamily | 7,863 SF | 1924 | - |
| 8347 S Rhodes Ave, Chicago, IL 60619 | Multifamily | 7,521 SF | 1925 | - |
| 3350 W Evergreen Ave, Chicago, IL 60651 | Multifamily | 7,000 SF | 1919 | - |
| 7345 S Kedzie Ave, Chicago, IL 60629 | Multifamily | 6,172 SF | 1962 | - |
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Contacts
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John Wrenn -
Mike Blake -
Joshua Bluestein -
Matthews Real Estate Investment Services
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CHICAGO FIVE PORTFOLIO
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