101378 . 39 Home SFR Chicago, IL

101378 . 39 Home SFR Chicago, IL, Chicago, IL 60628

  • 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
Chicago is the third largest city in the United States, located in the state of Illinois. It is known for its rich history, iconic architecture, diverse neighborhoods, and world-class cultural institutions. The city is also a major economic hub and a popular tourist destination, attracting millions of visitors each year. Housing in Chicago is diverse, with options ranging from historic brownstones and multi-unit buildings in densely populated neighborhoods to spacious single-family homes in the suburbs. The cost of housing in Chicago varies depending on the location and type of property, but overall, the city is known for its high housing costs, with median home prices in the city center reaching over $300,000. The city also has a large rental market, with many options for apartments, condos, and single-family homes available for rent. The economy of Chicago is diverse, with a strong focus on finance, transportation, and manufacturing. The city is home to several Fortune 500 companies, including Boeing, Walgreens, and McDonald’s. Additionally, Chicago is a major center for commerce, with the Chicago Mercantile Exchange being the largest futures exchange in the world. Despite the ongoing COVID-19 pandemic, the city’s economy has remained relatively stable, with job growth in key industries such as tech, healthcare, and education. Tourism is a significant part of the Chicago economy, with millions of visitors flocking to the city each year to experience its rich cultural heritage, world-class museums, and vibrant food scene. Some of the city’s most popular tourist attractions include the Willis Tower (formerly known as the Sears Tower), the Chicago Riverwalk, and the Museum of Science and Industry. The city is also known for its food, with a diverse range of options from classic Chicago-style hot dogs and deep-dish pizza to internationally-inspired cuisine. In conclusion, Chicago is a city of contrasts, with a rich history, diverse neighborhoods, and a vibrant economy. Whether you are looking for a new place to live, a strong job market, or a world-class cultural experience, Chicago has something for everyone.

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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

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable
  • Transit Score ®

    58/100 Good Transit
  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Roseland
  • Zip Code 60628
  • Market Chicago

Points of Interest

  • 35th/Archer

    0.70 miles

  • Ashland

    1.15 miles

  • Western

    1.47 miles

  • Halsted

    2.00 miles

  • Sox-35th

    2.14 miles

  • Kedzie

    2.19 miles

  • Damen

    2.20 miles

  • 47th

    2.20 miles

  • State & 37th Street

    2.27 miles

  • Western

    2.29 miles

  • Marathon

    0.52 miles

  • Shell

    0.54 miles

  • Shell

    0.55 miles

  • Power Gas

    0.77 miles

  • BP

    0.78 miles

  • Citgo

    0.92 miles

  • Citgo

    1.02 miles

  • BP

    1.04 miles

  • Food 4 Less

    1.05 miles

  • BP

    1.06 miles

  • 35th/Archer Park & Ride

    0.67 miles

  • Western Park & Ride

    1.53 miles

  • Lot L

    1.80 miles

  • Lot G

    1.80 miles

  • Lot F

    1.81 miles

  • VIP Lot D

    1.83 miles

  • VIP Lot E

    1.84 miles

  • Tailgate Lot

    1.88 miles

  • Lot C

    1.90 miles

  • Lot B

    1.96 miles

  • Amber Inn Motel

    2.45 miles

  • Chicago South Loop Hotel

    2.68 miles

  • SpringHill Suites by Marriott Chicago Chinatown

    2.72 miles

  • Jaslin Hotel

    2.75 miles

  • Carlton Inn Midway

    2.99 miles

  • Hilton Garden Inn, Hampton Inn, & Home2 Suites

    3.18 miles

  • Crossroads Hotel

    3.29 miles

  • Marriott Marquis

    3.32 miles

  • Hyatt Regency McCormick Place

    3.35 miles

  • Wheeler Mansion

    3.42 miles

  • McDonald's

    0.43 miles

  • Dunkin'

    0.57 miles

  • Subway

    0.59 miles

  • Domino's

    0.65 miles

  • Huck Finn Restaurant

    0.67 miles

  • La Palapa Mariscos

    0.70 miles

  • Taste of Canton

    0.74 miles

  • KFC

    0.76 miles

  • El Pescador

    0.81 miles

  • Dunkin'

    0.81 miles

  • Namaste Charter School

    0.22 miles

  • Felician Sisters School

    0.22 miles

  • Saint Andrew's School

    0.27 miles

  • Evergreen Academy

    0.43 miles

  • Evergreen Academy Middle School

    0.44 miles

  • Saint Maurice School

    0.45 miles

  • Nathanael Greene Elementary School

    0.45 miles

  • Longfellow School

    0.48 miles

  • Everett Elementary School

    0.82 miles

  • Holy Cross School

    0.86 miles

  • Brighton Park Early Learning Center

    1.66 miles

  • New Zion Childcare Academy

    2.92 miles

  • Peter Cottontail Day Nursery

    3.03 miles

  • Taylor Tots

    3.21 miles

  • The Goddard School

    3.34 miles

  • Adams Street Child Care Center

    3.84 miles

  • UChicago Child Development Center - Drexel

    4.01 miles

  • Bright Horizons

    5.16 miles

  • DJ Brooks Child Development Center

    5.74 miles

  • 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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Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695