- List Price $1,625,000
- Price / Unit $135,000
- Property Type Multifamily
- Units 12
- Current Rents $185,976
- Pro Forma Rents $215,400
- In Place NOI $114,807
- Projected NOI $142,760
- Target CAP Rate 7%
- Market CAP Rate 6%
- Today's Market Value $1,890,000
- Value w/Market Rents $2,330,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 20
- 12
- 14150
- 1964
- 100%
- 17
- 2
- Boiler Heat
- Window Units
- Common, Paid
20
12
14150
- 1964
- 100%
- 20
- 2
- Boiler Heat
- Boiler Heat
- Common, Paid
About the property
Presenting an extraordinary investment opportunity in Lyons, IL. This 12-unit building consists of a mix of four 1-bedroom/1-bathroom units & eight 2-bedroom/1-bathroom units, catering to a range of tenant needs. Both properties are fully occupied, offering investors immediate cash flow from a stable tenant base. The all brick Exterior has been well maintained with 8-year old VINYL WINDOWs & a well kept parking lot consisting of 17 parking spots. Interior units are also well maintained, spacious & rental ready with a great layout. All units present a valuable opportunity for rent increases and come. Explore this lucrative property today and capitalize on the chance to contribute to Lyon’s thriving community.
About the neighbourhood
- Lyons is located in Cook County, Illinois, approximately 14 miles southwest of downtown Chicago. Lyons has a diverse population, with a mix of residential neighborhoods and small businesses. The village offers a close-knit community atmosphere, making it appealing for families and individuals who enjoy a suburban lifestyle while being close to urban amenities. The village features several parks and recreational facilities, including the popular Lyons Village Park, which offers playgrounds, sports fields, and picnic areas. The proximity to the Des Plaines River provides opportunities for hiking, biking, and fishing along scenic trails.
Municipality - Investor Guide
Lyons
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N | Cost: None | Required: Yes | Required: Yes |
| Seller: Y | Cost: Yes | Cost: $100.00 | Cost: Varies |
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
Piano Moving World (0.01 mi)
-
Robinson Elementary School (0.21 mi)
-
Art Crystal (0.48 mi)
- Education
-
West Forty (0.17 mi)
-
Robinson Elementary School (0.21 mi)
-
Lyon Cubs Day Nursery School (0.27 mi)
- Food
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Sam's Food & Liquor Drive-In (0.03 mi)
-
Sammafaye (0.18 mi)
-
Applebbes (0.12 mi)
- Health & Medical
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Sammafaye (0.18 mi)
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Lulafit (0.28 mi)
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Lyons Family Dental (0.29 mi)
Contact Information
- List Price $1,625,000
- Property Type Multifamily
- Current Rents $185,976
- In Place NOI $114,807
- Target CAP Rate 7%
- Today's Market Value $1,890,000
- Price / Unit $135,000
- Units 12
- Pro Forma Rents $215,400
- Projected NOI $142,760
- Market CAP Rate 6%
- Value w/Market Rents $2,330,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.
Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.
Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.
Multiple bids from multiple parties may exist.
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