101378 Home Sfr Chicago Il Chicago, IL 60628

Property Details for 101378 Home Sfr Chicago Il

Year built

1951

Property size

48,528 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of 39 single-family rental homes in Chicago, IL. Located primarily south of Highway 20 and west of Interstate 94, these properties offer convenient access to major freeways and public transportation, placing them within a 20-30 minute commute to downtown Chicago. The portfolio boasts a 95% occupancy rate, generating substantial cash flow from existing tenants with signed leases. However, some units will be vacant at the time of sale, providing opportunities for renovation and repositioning to maximize returns. The homes, totaling 48,528 square feet across a 232,249 square foot lot, are predominantly 3- and 4-bedroom units, with a few 2- and 5-bedroom options. Built in 1951, these properties have benefited from over $200,000 in capital improvements in recent years, ensuring they are well-maintained. The portfolio is being sold individually via auction commencing July 2nd, 2024, on Auction.com. Investors can purchase one or multiple homes, offering flexibility and scalability. This presents a unique chance to acquire a stabilized, cash-flowing investment with multiple exit strategies, including continued rental income or resale after renovations. The properties are situated near numerous parks, museums, and the Chicago White Sox stadium, enhancing their appeal to tenants. All due diligence materials are available for review on Auction.com. This is a fee simple ownership opportunity.