- For Sale $6,368,260
- Property Type Multi-Family
- Property Size 48,528 SF
- Units 39
- Lot Size 5.33 Acre
- Year Built 1951
- Date Updated Mar 14, 2024
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Highlights
- Scattered home portfolio offering a diversified unit mix
- Homes are concentrated for ease of management
- The average home size is 1,244/sf with the majority (90%) consisting of 3- & 4-bedroom homes
- All Homes are located in the city of Chicago and Cook County?
- The average vintage of the homes is 1951
- Over $200,000 of capital expenditures have been placed across the portfolio
- The portfolio has been professionally managed and maintained, reducing costs for the next Buyer
- Long-term tenants in place
- Value-add opportunity with current rents 10.3% below current market rents
- Strong In-place Cap Rate of 7.54%
- Huge projected revenue growth to market rents, with 14.5% projected rent growth through 2027 according to John Burns Research & Consulting
- The projected stabilized Year 1 NOI at market rents is $597,470, with a strong 9.38% cap rate
- Gross yield is anticipated to be 15.62% at stabilization
- Conventional financing available for qualified Buyers
- Current rents average $1,919/month
- Projected market rents today are estimated to be $2,063/month
- High historical occupancy of 95%
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
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Contacts
Location
Getting Around
-
Walk Score ®
69/100 Somewhat Walkable -
Transit Score ®
58/100 Good Transit -
Bike Score ®
58/100 Bikeable
- City Chicago, IL
- Neighborhood Roseland
- Zip Code 60628
- Market Chicago
Points of Interest
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35th/Archer
0.70 miles
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Ashland
1.15 miles
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Western
1.47 miles
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Halsted
2.00 miles
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Sox-35th
2.14 miles
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Kedzie
2.19 miles
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Damen
2.20 miles
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47th
2.20 miles
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State & 37th Street
2.27 miles
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Western
2.29 miles
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Marathon
0.52 miles
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Shell
0.54 miles
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Shell
0.55 miles
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Power Gas
0.77 miles
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BP
0.78 miles
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Citgo
0.92 miles
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Citgo
1.02 miles
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BP
1.04 miles
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Food 4 Less
1.05 miles
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BP
1.06 miles
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35th/Archer Park & Ride
0.67 miles
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Western Park & Ride
1.53 miles
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Lot L
1.80 miles
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Lot G
1.80 miles
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Lot F
1.81 miles
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VIP Lot D
1.83 miles
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VIP Lot E
1.84 miles
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Tailgate Lot
1.88 miles
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Lot C
1.90 miles
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Lot B
1.96 miles
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Amber Inn Motel
2.45 miles
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Chicago South Loop Hotel
2.68 miles
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SpringHill Suites by Marriott Chicago Chinatown
2.72 miles
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Jaslin Hotel
2.75 miles
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Carlton Inn Midway
2.99 miles
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Hilton Garden Inn, Hampton Inn, & Home2 Suites
3.18 miles
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Crossroads Hotel
3.29 miles
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Marriott Marquis
3.32 miles
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Hyatt Regency McCormick Place
3.35 miles
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Wheeler Mansion
3.42 miles
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McDonald's
0.43 miles
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Dunkin'
0.57 miles
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Subway
0.59 miles
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Domino's
0.65 miles
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Huck Finn Restaurant
0.67 miles
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La Palapa Mariscos
0.70 miles
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Taste of Canton
0.74 miles
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KFC
0.76 miles
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El Pescador
0.81 miles
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Dunkin'
0.81 miles
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Namaste Charter School
0.22 miles
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Felician Sisters School
0.22 miles
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Saint Andrew's School
0.27 miles
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Evergreen Academy
0.43 miles
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Evergreen Academy Middle School
0.44 miles
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Saint Maurice School
0.45 miles
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Nathanael Greene Elementary School
0.45 miles
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Longfellow School
0.48 miles
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Everett Elementary School
0.82 miles
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Holy Cross School
0.86 miles
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Brighton Park Early Learning Center
1.66 miles
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New Zion Childcare Academy
2.92 miles
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Peter Cottontail Day Nursery
3.03 miles
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Taylor Tots
3.21 miles
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The Goddard School
3.34 miles
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Adams Street Child Care Center
3.84 miles
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UChicago Child Development Center - Drexel
4.01 miles
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Bright Horizons
5.16 miles
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DJ Brooks Child Development Center
5.74 miles
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Cornerstone Children's Learning Center
5.80 miles
Frequently Asked Questions
What is the lease rate for 101378 . 39 Home SFR Chicago, IL?
Rental asking rate at 101378 . 39 Home SFR Chicago, IL is $3,184,130.00/YR.
What is the total square footage of 101378 . 39 Home SFR Chicago, IL?
101378 . 39 Home SFR Chicago, IL totals 48,528 square feet.
When was this property built?
101378 . 39 Home SFR Chicago, IL was built in 1951.
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