Contacts

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Property Details
- Property Type Multi-Family
- Property Size 112,194 SF
- Units 79
- Date Updated Mar 25, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- PORTFOLIO HIGHLIGHTS FINANCIAL HIGHLIGHTS LOCATION/MSA HIGHLIGHTS
- INVESTMENT HIGHLIGHTS
- • Home types include single-family detached,
- duplexes and triplexes
- • The average home size is 1,420 square feet
- with a current monthly average rental of
- $1,479
- • Portfolio consists of two, three, four and five
- bedroom homes
- • Homes are located in the city of Chicago and
- Cook County
- • Average vintage of the homes is 1939
- • The portfolio is self-managed with a
- dedicated maintenance professional
- • Monthly rents are just 2% below current
- market rents
- • In-place Cap Rate of 7.65% and gross yield of
- 11.93%
- • $189,873 asking price per home
- • Home values up 14.6% in the past 24 months
- and are expected to grow 9% in the next 36
- months
- • Over 90% leased to fully vetted tenants
- • The Chicago Housing Authority subsidizes
- approximately 75% of the Section 8 rents
- • Seller’s loan is assumable with a 5.25%
- interest rate
- • Homes are in close proximity to Interstates
- 57, 90 and 94
- • The majority of homes are located near
- above average schools
- • Many homes are in close proximity to
- Chicago Midway Airport
- • All of the homes are within a 20 to 30-minute
- commute to Downtown Chicago
- • The majority of the people residing within
- and near this portfolio utilize public
- transportation
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Chicago, IL
- Neighborhood Ashburn
- Zip Code 60652
- Market Chicago
Points of Interest
-
Ashburn
0.66 miles
-
Brainerd
2.76 miles
-
99th Street (Beverly Hills)
3.22 miles
-
Gresham
3.34 miles
-
103rd Street (Beverly Hills)
3.59 miles
-
Pulaski
3.60 miles
-
Kedzie
3.79 miles
-
Halsted
3.82 miles
-
Western
3.99 miles
-
107th Street (Beverly Hills)
4.00 miles
-
Citgo
0.33 miles
-
Marathon
1.23 miles
-
Falcon Fuel
1.24 miles
-
Mobil
1.51 miles
-
EVgo
4.68 miles
-
ChargePoint
5.81 miles
-
Tesla Supercharger
6.70 miles
-
Blink
8.58 miles
-
eVgo
8.58 miles
-
Lot 5
2.71 miles
-
Lot 6
2.76 miles
-
Lot 4
2.76 miles
-
Midway Airport Cell Phone Lot
2.81 miles
-
Lot 7
2.82 miles
-
Midway Park Saver
2.84 miles
-
Lot 8
2.86 miles
-
Lot 9
2.91 miles
-
Lot 10
2.93 miles
-
Airport Speed Parking
2.93 miles
-
Saratoga Motel
1.77 miles
-
Best Western Inn & Suites - Midway Airport
1.85 miles
-
Holiday Inn LXG Midway Airport
1.87 miles
-
Aloha Motel
1.91 miles
-
Budget Inn
1.92 miles
-
Extended Stay America - Chicago Midway
2.08 miles
-
Miami Inn & Suites
2.29 miles
-
Sleep Inn Midway Airport
2.39 miles
-
Fairfield Inn & Suites Chicago Midway Airport
2.46 miles
-
Hampton Inn & Suites Chicago Midway Airport
2.49 miles
-
ALDI
1.08 miles
-
JCPenney
1.50 miles
-
Ford City Mall
1.59 miles
-
Ross
1.66 miles
-
Marshalls
1.77 miles
-
Jewel-Osco
1.83 miles
-
Gordon Food Service
1.84 miles
-
Dearborn Wholesale Grocers
1.92 miles
-
Burlington
1.95 miles
-
Tony's Fresh Market
1.98 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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