Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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