Northwest Suburbs 6 Unit Building
1064 Irving Park Rd. Bensenville IL 60106
$120,833 Per Unit
** Inclusive of Buyer's Premium
In Place NOI
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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.
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Who pays what - Landlord Vs. Tenant
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Purchase Price of Property
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Year 2 Pro Forma
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Year by Year Property Data
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