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Property

RARE Row Houses Style 6 Unit

2100 S 1st Ave. Maywood, IL 60153

$650,000

Pricing/Terms Explained 

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$108,333 Per Unit

** Buyer's Premium Waived

17
Beds

12
Baths

7,304
Sq. Ft.

1995
Yr. Built

100%
Occupancy

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6
Spaces

2
Stories

Forced Air Heat

In Unit 
Laundry

Street
View

Contract Copy
 

Buyer's Agreement
 

Property Summary

Type

Multifamily

In Place NOI
$57,800

Target CAP Rate
8.9%

Today's Market Value
$722,700

Target Purchase Price
$650,000

 



Units
6

Projected NOI
$77,200

Market CAP Rate
8%

Value w/Market Rents
$965,200

Cost Per Unit
$108,333

Investment Strategy
Purchase at target price with 25% down payment. Upon purchase raise rents to appropriate levels. 3 Bed market rents are well over $1,500 in the area. Refinance and pull cash out based on higher value of the property. 

About The Property
RARELY available row house style apartment building. Relatively newer building with construction being completed in 1995.  Every unit is separately metered for gas, electric, and water. Landlord is only responsible for snow, lawn, and garbage service. 1 unit has been fully updated. Pictures show the final unit upgrades before it was leased. This is a low expense, high income property.

About The Neighborhood
Maywood is a small town 10 miles west of downtown Chicago, running along the west bank of the Des Plaines River. It is predominantly a residential town with its location neatly centered between O’Hare and Midway International Airports and downtown Chicago. Despite its relatively small size, it boasts 11 parks and has a rich history including it’s historic 40,000 SF Public Library.
 

Due Diligence

Documents
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.

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Utility expense, services, insurance, taxes, and more.

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Who pays what - Landlord Vs. Tenant

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Comparable multi family properties that have sold in the area.

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Comparable multi family units that have been rented in the area.

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Market report showing trends and insights.

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Locked.

Property
Financials

Purchase Price of Property


Property Current
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).



Debt Service
This column allows the user to add custom financing scenarios.

Property
Performance

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. 


 

Key
Metrics

Year by Year Property Data
 

Property Value

Remaining Loan Balance

LTV Ratio

Debt Service Coverage Ratio

 

Cumulative Net Cash Flow

Total Equity (Includes Net Cash Flows)

ROI

Annualized ROI

Equity Multiple 



 

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