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    2011 Kemble Ave North Chicago, IL 60064

    Sponsored
    For Sale
    $500,000

    Six New Single-Family Homes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of six brand-new single-family homes in North Chicago, Illinois, currently under construction and available for sale. Located at 2011 Kemble Ave, North Chicago, IL 60064, this bulk sale offers a compelling entry point into the lucrative rental market. Each home boasts a spacious lot measuring 55 feet wide by 125 feet deep, providing ample outdoor space for future tenants. The homes are designed with attractive layouts and high-end interior finishes, ensuring strong rental demand. All homes include a garage, adding further value and appeal. The anticipated occupancy date is September 1, 2025. The asking price for the entire portfolio is $500,000. This represents a wholesale price of $500,000 per unit, however, offers are welcome. The property is being sold as an owner/user investment, ideal for those seeking a hands-on approach to real estate investment. New appliances and modern construction throughout guarantee minimal maintenance and maximum return on investment. This is a rare opportunity to acquire a turnkey rental portfolio in a desirable location. Don't miss out on this chance to build a substantial rental income stream. The property is situated in Lake County, Illinois, offering easy access to local amenities and transportation. This is a new construction project, offering the benefit of modern building codes and energy-efficient features.

    Property Features for 2011 Kemble Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Portfolio of six brand‑new single‑family homes in North Chicago, IL.
    • Each home sits on a large 55' x 125' lot.
    • All homes include garages and high‑end interior finishes.
    • Anticipated occupancy: September 1, 2025.
    • Asking price: $500,000 ($83,333 per unit, offers considered).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Chicago
    County
    Lake
    State
    Illinois
    Longitude
    -87.854943374028
    Latitude
    42.322088026752

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    FAQs

    What type of property is this?
    Multifamily property - Six New Single-Family Homes
    Where is this multifamily property located?
    The property is located at 2011 Kemble Ave North Chicago, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Portfolio of six brand-new single-family homes in North Chicago, IL.; Each home sits on a large 55' x 125' lot.; All homes include garages and high-end interior finishes.
    Request Owner's contact information
    2011 Kemble Ave North Chicago, IL 60064
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    North Chicago, IL 60064
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2011 Kemble Ave North Chicago, IL 60064
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