Northwest 6 Unit Multifamily Building
218 Sonny Ln. Bensenville IL 60106
$125,000 Per Unit
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 the Elmhurst school district. The property has newer windows and newer appliances. Units have been decently updated within the last few years. The property is an all electric building with tenants responsible and separately metered for electric costs. HOA covers garbage, snow, and lawn care.
About The Neighborhood
Bensenville is a grade A neighborhood. Located just west of O'Hare International Airport the area offers a steady business district and a wide range of stable employment opportunities. Located within DuPage county offers investors friendly landlord laws. Bensenville is just 17 miles northwest of Chicago, which is easily accessible from downtown by Bensenville's Metra commuter train station, and is conveniently close to major highways.
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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.
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