West Suburb 12 Unit Portfolio
1700 & 1704 Fillmore St. Broadview, IL 60155
$87,500 Per Unit
** Buyer's Premium Waived
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 25% down payment. Upon purchase raise rents to appropriate levels. 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
Freshly refinished 12-unit property in Broadview, IL, split up into (2) 6-unit buildings. The total property consists of (10) one-beds and (2) studios which have had new kitchens, bathrooms and flooring installed throughout. The owner recently replaced the roof and the boilers on each building and the exteriors have been kept in excellent shape. The property is located directly across the road from a newly constructed senior housing complex which opened in 2021. Low in-place rents in this high demand area make it a great opportunity for an investor to drastically increase the value of the building in a relatively short period of time.
About The Neighborhood
Broadview is a small, yet densely populated town just 10 miles west of downtown Chicago. Incorporated in 1914 by German settlers, its largest employers include Mullins Food Products, Perlow Steel and Bosch. Its main commercial district centers around the Broadview Village Square Mall. Overall the town has a dense suburban feel and is home to many young professionals due to its proximity to Chicago.
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Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
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Market report showing trends and insights.
Purchase Price of Property
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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).
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"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
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Cumulative Net Cash Flow
Total Equity (Includes Net Cash Flows)
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