Citi%20Black_edited_edited.png

Property

HOT South Suburb 6 Unit

8156 Walsh Ln. River Grove, IL 60171

$725,000

Pricing/Terms Explained 

Icon.png

$120,833 Per Unit

** Inclusive of Buyer's Premium

9
Beds

6
Baths

4,704
Sq. Ft.

1967
Yr. Built

100%
Occupancy

Details Web Sheet.png

6
Spaces

3
Stories

Boiler
Heat

Paid
Laundry

Street
View

Contract Copy
 

Buyer's Agreement
 

Property Summary

Type

Multifamily

In Place NOI
$55,829

Target CAP Rate
7.70%

Today's Market Value
$1,015,072

Target Purchase Price
$725,000

 



Units
6

Projected NOI
$68,508

Market CAP Rate
5.50%

Value w/Market Rents
$1,245,604

Cost Per Unit
$120,833

Investment Strategy
Purchase at target price with 25% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are $1,350 and 1 bed market rents are $1,200 in the area. Refinance and pull cash out based on higher value of the property.

About The Property
All units newly rehabbed! Rare opportunity to get your hands on a beautiful turnkey apartment building in sought-after River Grove. This 6-unit building contains (3) 2-beds and (3) 1-bedroom units which have all been meticulously remodeled in 2022, commanding very strong rents in an already high-demand area. Coin-operated laundry units provide additional income. There are 6 private parking spaces in the rear and the lot is located in a very safe multifamily community.

About The Neighborhood
River Grove is a small town just west of the City of Chicago and 3 miles southeast of O’Hare International Airport. Despite a population of just 10,000 residents, River Grove is a bustling, multifaceted town filled with industry, education and nature. Named after the grove of Ash Trees and the Des Plaines River running through it, River Grove is home to Triton College, Cernan Earth and Space Center and the exclusive Oak Park Country Club.

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.

door.png

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

Expenses.png

Who pays what - Landlord Vs. Tenant

Utilities.png

Comparable multi family properties that have sold in the area.

House.png

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

House.png

Market report showing trends and insights.

Market Report.png
Lock.png

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 



 

arrow&v

Questions for Citipoint?
 

arrow&v

Thanks for submitting!

Citi%20Black_edited_edited.png

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. 

Citi%20Black_edited.png

Privacy Policy    I    Terms of Service    I    Members



 

Copyright.png

2021, by Citipoint



 

Contact Us      |      About      |      Resources      |      Tools      |      Leasing    |    Property Mgmt



 

Insta.png
fb.png