Multifamily Portfolio with Renovation
For Sale
Contact for pricing
Pending
1000 Sarah Constant Ln., Schaumburg, IL 60194
Fully leased condominium-based rental portfolio with association-managed exteriors and a mix of one- and two-bedroom apartments.
Property Size15,300 SF
Days on Market170
Property Features for 1000 Sarah Constant Ln.
General Information
Standard status
Pending
Size
15,300 SF
Property subtype
Multifamily
Occupancy
94%
Investment Type
Value Add
Units
Unit Mix
12 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units
18
Amenities
in-unit washer and dryer
dishwasher
air conditioning
Building Details
Buildings
3
Units
18
Tenancy
Multi
Listing Agency:
Brian Properties, Inc.
Listed By:
Scott Whisler · License #IL
(847) 727-4287
Source:
Crexi
Added: Apr 30
Changed: Oct 3
Last Checked: Oct 16 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian Properties, Inc.
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Investment Insights
Based on property information with market context.
This offering includes 18 rental units organized as three six-unit groupings within condominium buildings. The unit mix comprises twelve two-bedroom/one-bath apartments and six one-bedroom/one-bath apartments. Every residence includes a washer and dryer, dishwasher, and air conditioning, while tenants pay electric service. The portfolio is fully leased and offered as one package.
The condominium association oversees exterior upkeep and shared property elements, including roofs, windows, doors, parking, snow removal, and landscaping. Association assessments also cover boiler-fed baseboard heat and water, concentrating ownership responsibilities on the interiors. Five units have completed renovations; the remaining thirteen provide a consistent interior improvement program. Updated apartments feature refreshed kitchens with cabinetry, backsplash, sink, faucet, and stainless steel appliances, plus remodeled bathrooms, new flooring, and interior paint.
The condominium association oversees exterior upkeep and shared property elements, including roofs, windows, doors, parking, snow removal, and landscaping. Association assessments also cover boiler-fed baseboard heat and water, concentrating ownership responsibilities on the interiors. Five units have completed renovations; the remaining thirteen provide a consistent interior improvement program. Updated apartments feature refreshed kitchens with cabinetry, backsplash, sink, faucet, and stainless steel appliances, plus remodeled bathrooms, new flooring, and interior paint.
Key Highlights
- 18‑unit rental portfolio offered as a single package
- Unit mix includes twelve two‑bedroom/one‑bath and six one‑bedroom/one‑bath apartments
- All units are leased and include in‑unit laundry, dishwashers, and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,493
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,549,860
$3.5M
Cap Rate 7%
$2,535,614
$2.5M
Cap Rate 9%
$1,972,144
$2.0M
Market Conditions
NOI Build-Up for 15,300 SF
Gross rent
$347.0K $22.68/SF
− Vacancy
−$24.3K −$1.59/SF
EGI
$322.7K $21.09/SF
− OpEx
−$145.2K −$9.49/SF
NOI
$177.5K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,549,860
Cap Rate 7%
$2,535,614
Cap Rate 9%
$1,972,144
Alternative Uses
Best Use
Apartment 5plus
$2.54M
$2.22M – $2.96M
NOI $177,493 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,767 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 60194, IL
20,622
Population
8,325
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,574
Density / Sq Mi
$97,876
Median Household Income
$60,835
Median Earnings
$1,897
Median Rent
$310,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully leased condominium-based rental portfolio with association-managed exteriors and a mix of one- and two-bedroom apartments.
Where is this multifamily property located?
The property is located at 1000 Sarah Constant Ln. Schaumburg, IL.
What is the asking price?
The asking price for this property is $2,664,000.
What are key features of this property?
This property features: 18‑unit rental portfolio offered as a single package; Unit mix includes twelve two‑bedroom/one‑bath and six one‑bedroom/one‑bath apartments; All units are leased and include in‑unit laundry, dishwashers, and air conditioning
