Northwest Suburbs 6 Unit Building
1040 W Irving Park Rd. Bensenville IL 60106
$120,833 Per Unit
** Inclusive of Buyer's Premium
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Market CAP Rate
Value w/Market Rents
Cost Per Unit
Purchase at target price with 20% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are well over $1,300 in the area. Current seller has been slow and inefficient on rental increases. Refinance and pull cash out based on higher value of the property.
About The Property
A 6 Unit located in Bensenville within high rated school district. Units have been decently updated within the last few years. The property has been very well maintained. The roof is newer and the brick seems to be recently tuckpointed and in good shape. The HOA covers garbage, snow, and lawn care.
About The Neighborhood
Bensenville is an established industrial town just west of Chicago and near O’Hare International Airport. It is primarily known as an industrial and manufacturing hub with a predominantly blue-collar workforce. Bensenville’s largest employers include US Foods, UPS and Rubicon. It’s proximity to the airport and being only 15 miles away from downtown Chicago, make it an easily accessible location.
Citipoint conducts a thorough document review on every property. For access to more documents such as leases, inspection reports, warranties, etc please fill out our Document Request Form.
Rents, expirations, security deposits, balances and more.
Utility expense, services, insurance, taxes, and more.
Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
Comparable multi family units that have been rented in the area.
Market report showing trends and insights.
Purchase Price of Property
This column shows the current financial state of the subject property. These inputs are factual and they are based on verified information.
Year 2 Pro Forma
This column is based on a stabilized condition of the subject property. These inputs assume proper property performance by using our investment suggestions (proper management, bringing rents up to market rate, vacancy absorption, etc).
This column allows the user to add custom financing scenarios.
View the return metrics based on various inputs.
"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Year by Year Property Data
Remaining Loan Balance
Debt Service Coverage Ratio
Cumulative Net Cash Flow
Total Equity (Includes Net Cash Flows)
Learn how Citipoint can scale your real estate business.
Deal Flow - Learn how we source properties.
Management - Competitive rates and unparalleled service.
Value Add - Assistance with Lease Up, Construction, and Accelerated Appreciation.
Financing - Direct access to preferred lenders for Acquisition and Refinance options.