Southside Portfolio 33 Unit | 28 Property Portfolio Two ...

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Barry Kadish 312.502.5297 (Cell) [email protected] Prepared by: www.cbcworldwide.com FOR SALE Southside Portfolio Two Groups for Sale -Chicago, IL 16% Cap Rate (Group 1) 19% Cap Rate (Group 2)

Transcript of Southside Portfolio 33 Unit | 28 Property Portfolio Two ...

Page 1: Southside Portfolio 33 Unit | 28 Property Portfolio Two ...

33 Unit | 28 Property Portfolio Chicago, Illinois

Barry Kadish 312.502.5297 (Cell) [email protected]

Prepared by:

www.cbcworldwide.com

FOR SALE

Southside Portfolio Two Groups for Sale -Chicago, IL

16% Cap Rate (Group 1) 19% Cap Rate (Group 2)

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Table of Contents

Executive Summary ___________________________________3

The Property _________________________________________6

Property Details _________________________________________ 4

Portfolio Photos _________________________________________ 5

Map & Aerial ___________________________________________ 6

Demographics __________________________________________ 7

Contact Information __________________________________9

Confidentiality Statement ____________________________ 10

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The Property

Executive Summary

The Portfolio 13 Properties with 15 Rentable Doors

Property Specifications Rentable Doors: 15

No. of Properties: 13

Price Group 1: $750,000

Group 2: $210,000

Financial Summary Occupancy: 100%

Market Chicago

Investment Highlights: • Positive cash flow

• Long term investment

• Properties are regularly inspected

Location Highlights: • Easy Access to major

highways (I-55, I-90/94)

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The Property

GROUP 1 RENT ROLL

Address Taxes Water/Gas Rent

2058 W. 67th Place $1,696 $1,250 $900 6839 W. Winchester $1,315 $1,250 $800 1233 W. 71st. $1,374 $2,400 $1,100 7019 S. Wolcott $1,640 $1,250 $1,000 6423 S. Bishop $1,624 $1,250 $900 6015 S. Wolcott $1,540 $1,250 $1,000 1476 W. 72nd Place $997 $1,250 $1,297 CHA 6545 S. Damen $1,832 $1,250 $1,000 6814 S. Marshfield $2,487 $5,539 $1,697 5658 S. Hoyne $1,649 $1,250 $1,000 6714 S. Bishop $3,543 $1,250 $2,125 CHA Two Doors 7211 S. Paulina $1,009 $1,250 $1,100 CHA 1903 W. Marquette $1,900 $1,250 $1,100 CHA

Gross Income: $179,028 | Tax: $22,685 | Gas/Water/Electric: $20,579 | Property Management: $7,500 Net Operating Income: $120,764 13 Properties, 15 Doors Sale Price: $750,000 | Cap Rate: 16%

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The Property

GROUP 2 RENT ROLL

Address Taxes Water/Gas Rent Condition

110 W. 111th $1,721 $1,250 $1,400 Cash Good condition

8112 S. Burnum $1,936 $1,250 $1,383 LINHT Good Condition

216 W. 109th $1,718 $1,250 $1,200 Cash Fair Condition

6121 S. Wolcott $1,934 $1,250 $700 Needs Work . Can fix or sell AS-IS should be $1200 Min

Gross Rents: $56,196 | Tax: $7,299 | Water: $5,000 | Property Management: $2,000 | Insurance: $1,500 Net Operating Income: $40,397 Sale Price: $210,000 | Cap Rate: 19%

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The Property

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The Property

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The Property

Map & Aerial

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The Property

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The Property

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Contact Information

Contact Information For more information, please contact: Barry Kadish 1332 N Halsted Street, Suite 405 Chicago, IL 60642 Phone: (312) 455-2615 Fax: (781) 810-9544 Mobile: (312) 502-5297

www.commercialnrt.com

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Confidentiality Statement

Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial NRT or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property "AS IS" CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer's choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.