- List Price $1,000,000
- Price / Unit $111,111
- Property Type Multifamily
- Units 9
- Current Rents $106,800
- Pro Forma Rents $131,904
- In Place NOI $65,825
- Projected NOI $89,070
- Target CAP Rate 6.6%
- Market CAP Rate 4.5%
- Today's Market Value $1,462,000
- Value w/Market Rents $1,980,000
*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.
- 8
- 9
- -
- 1972
- 100%
- 9
- 3
- Boiler Heat
- Window Units
- Common, Paid
8
9
-
- 1972
- 100%
- 8
- 3
- Boiler Heat
- Boiler Heat
- Common, Paid
About the property
About the neighbourhood
- Incorporated in 1917, Mt Prospect is affluent community 20 miles northwest of downtown Chicago and just 4 miles north of O’Hare International Airport. It is home to nearly 57,000 residents with major employers Cummins Allison, Rauland-Borg and CVS Caremark propping up the local economy. The downtown area has been recently renovated and the city features over 400 acres of parks and recreational facilities. It is home to multiple award winning school districts and was rated by Business Week in 2009 as “the best place to raise kids”.
Municipality - Investor Guide
Property Documents
Property Financials
View current and future return metrics based on customizable 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.
Property Current
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Year 2 Pro Forma
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Debt Service
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Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
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- Monthly Property Insurance
- Monthly HOA Fees
Utility Table
Total Yearly Utitlity Cost: $11,487.00
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
Currently No Tax data found for this property. Please Check back later.
Walkscore
Nearby
- Arts & Entertainment
-
AMC Randhurst 12 (0.17 mi)
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Kals Kreations (0.31 mi)
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Hampton Inn & Suites Chicago/Mt. Prospect (0.33 mi)
- Education
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Kiddie Academy of Mount Prospect (0.24 mi)
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Early Days Preschool (0.65 mi)
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Mount Prospect KinderCare (0.72 mi)
- Food
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La Guerrerense (0.07 mi)
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Nakano Foods (0.4 mi)
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McAlister's Deli (0.42 mi)
- Health & Medical
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Amici Hair & Nails Studio (0.07 mi)
-
Euclid Smiles (0.07 mi)
-
Dimple's Beauty Salon (0.1 mi)
Contact Information
- List Price $1,000,000
- Property Type Multifamily
- Current Rents $106,800
- In Place NOI $65,825
- Target CAP Rate 6.6%
- Today's Market Value $1,462,000
- Price / Unit $111,111
- Units 9
- Pro Forma Rents $131,904
- Projected NOI $89,070
- Market CAP Rate 4.5%
- Value w/Market Rents $1,980,000
*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.
