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Property profile

3609 Iles Ave Springfield, IL 62711

OFF-MARKET
Residential income homes
Property ID
US28-3055899
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Property summary

AI-generated overview

This exceptional portfolio comprises six meticulously maintained single-family homes situated across desirable Illinois neighborhoods: Springfield, Elk Grove Village, Collinsville, Bloomingdale, Joliet, and Decatur. The properties boast a combined NOI of $175,462, representing a compelling 7.00% capitalization rate on an asking price of $2,506,600. Each home is move-in ready, featuring spacious layouts with upgraded kitchens and bathrooms. Many include finished basements, fireplaces, and private outdoor spaces. Recent improvements across the portfolio include new roofs, fresh paint, updated flooring, and remodeled kitchens and baths, minimizing maintenance needs and maximizing rental income. The properties exhibit excellent curb appeal, with well-maintained yards and outdoor amenities. This turnkey portfolio presents a rare opportunity for investors seeking a high-yield, low-maintenance investment in the Illinois real estate market. The portfolio's diverse geographic locations across multiple counties (Sangamon, Cook, Madison, DuPage, Will, and Macon) offer diversification and resilience. This is an ideal investment for those seeking immediate cash flow and long-term appreciation potential. The properties are located at 3609 W Iles Ave, Springfield, IL 62711

Property profile

Verified
Property type Residential income homes
UPID US28-3055899

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3609 Iles Ave Springfield, IL 62711
Springfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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