643 100Th Pl Chicago, IL 60628

Property Details for 643 100Th Pl

Property type

Residential income homes

Description

This exceptional multifamily investment opportunity presents 46 fully occupied single-family rental homes located at 643 E 100th Pl, Chicago, IL 60628, within Cook County. The portfolio boasts a strong current performance, with a 100% occupancy rate generating a substantial pro-forma net operating income (NOI) of $693,224, and a pro-forma capitalization rate of 8.67%. The asking price for this Class B portfolio is $8,000,000, translating to an attractive price per unit of $173,913.04. The property consists of 45 individual buildings, each housing a single-family rental unit, offering ease of management and potential for future growth. The current owner is relocating out of state, presenting a unique opportunity for a value-add investor to capitalize on the existing cash flow and implement strategies to further enhance profitability. The portfolio's strong performance and potential for rent increases make this a compelling investment in the Chicago real estate market. This is a turnkey operation with immediate cash flow, presenting a rare chance to acquire a well-maintained, high-performing portfolio in a desirable location. The property is situated in a convenient location within Chicago, offering easy access to various amenities and transportation options. This is an ideal investment for those seeking a stable, high-yielding asset with significant upside potential.