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40-UNIT STRATEGIC MULTIFAMILY PORTFOLIO: 1 Multifamily Properties Offered at $3,098,000 in Pontiac, IL
Executive Summary
EXECUTIVE SALE NOTE: THE 40-UNIT STRATEGIC HAND-OFF
The "Why This is a Great Buy" Breakdown:
Immediate Equity Capture: The portfolio is priced at $3,098,000, while the stabilized Pro Forma Net Operating Income (NOI) is $276,284.40.
The "Dirty Work" is Done: As a -owner, I have already secured the building envelopes in Pontiac with new windows, new vinyl siding, and professional ARC blown-in cellulose insulation.
Internal Moisture Protection: Unlike standard aging apartments, we have rerouted all bathroom exhaust fans to the exterior soffits and updated the roofs (2016) to ensure long-term structural integrity.
70% Remodeled in Dwight: Over $66,000 was reinvested in 2025 specifically for high-end unit remodeling; 11 of 16 units are already finished and achieving rental premiums.
Proven Scalability: You aren't guessing at market rents; you are buying into a system where 25 out of 40 units (62.5%) are already achieving the target Pro Forma rents.
Significant Upside: By completing the final 15 unit interiors—a low-risk, cosmetic phase—the investor pushes the portfolio to a $445,000+ Gross Annual Income and an 8.92% Cap Rate.
PORTFOLIO: $150K+ IN RECENT CAPEX | 8.9% STABILIZED CAP"
The "Why This is a Great Buy" Breakdown:
Immediate Equity Capture: The portfolio is priced at $3,098,000, while the stabilized Pro Forma Net Operating Income (NOI) is $276,284.40.
The "Dirty Work" is Done: As a -owner, I have already secured the building envelopes in Pontiac with new windows, new vinyl siding, and professional ARC blown-in cellulose insulation.
Internal Moisture Protection: Unlike standard aging apartments, we have rerouted all bathroom exhaust fans to the exterior soffits and updated the roofs (2016) to ensure long-term structural integrity.
70% Remodeled in Dwight: Over $66,000 was reinvested in 2025 specifically for high-end unit remodeling; 11 of 16 units are already finished and achieving rental premiums.
Proven Scalability: You aren't guessing at market rents; you are buying into a system where 25 out of 40 units (62.5%) are already achieving the target Pro Forma rents.
Significant Upside: By completing the final 15 unit interiors—a low-risk, cosmetic phase—the investor pushes the portfolio to a $445,000+ Gross Annual Income and an 8.92% Cap Rate.
PORTFOLIO: $150K+ IN RECENT CAPEX | 8.9% STABILIZED CAP"
Property Facts
| Price | $3,098,000 | Status | Active |
| Price / SF | $172.11 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 3.88% | Total Building Size | 18,000 SF |
| Sale Type | Investment | Total Land Area | 1.34 AC |
| Price | $3,098,000 |
| Price / SF | $172.11 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 3.88% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,000 SF |
| Total Land Area | 1.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 811-903 N Illini Ave, Pontiac, IL 61764 | Multifamily | 18,000 SF | 1979 | - |
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