West Suburb 6 Unit Multifamily Building
9216 Jill Ln. Schiller Park, IL 60176
$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
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Purchase at target price with 20% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents go up to $1,300+/Month 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
6 Unit in Schiller Park. VERY good condition property. Kitchens have been updated with modern finishes. Common areas are clean and have been very well maintained. Building has three 2-bedroom apartments and three 1-bedroom apartments. All tenants are separately metered for electric. Owner is responsible for common areas.
About The Neighborhood
Schiller Park is a B+ grade community. It's located next to many of cook county's forest preserves. The municipality has an abundance of restaurants, parks, and businesses. Located close to major interstates and near O'Hare airport, Schiller Park is a great hub for businesses and commerce.
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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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