- List Price $600,000
- Price / Unit $200,000
- Property Type Two – Four Unit
- Units 3
- Current Rents $55,800
- Pro Forma Rents $60,000
- In Place NOI $13,305
- Projected NOI $35,535
- Target CAP Rate 5.3%
- Market CAP Rate 5%
- Today's Market Value $600,000
- Value w/Market Rents $650,000
*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.
- 7
- 4
- 3326
- 1962
- 66%
- 7
- 3
- Boiler Heat
- Window Units
- Common, Paid
7
4
3326
- 1962
- 66%
- 7
- 3
- Boiler Heat
- Boiler Heat
- Common, Paid
About the property
This well-maintained, brick three-unit building is a prime opportunity for savvy investors. This three-unit building has spacious units consisting of one 3-bedroom 1-bathroom unit and two 2-bedroom 1.5-bathroom units. The property boasts a durable and low-maintenance brick exterior, ample parking options, and a three car garage. This building is currently owner occupied and presents the opportunity for a future buyer to move into one of the units or place their own tenant in the unit at the current market rate. This building is perfect for those seeking consistent rental income in the highly desirable La Grange Park neighborhood.
About the neighbourhood
- La Grange Park is a suburban gem that combines the tranquility of residential living with easy access to urban amenities. This highly sought-after area offers a perfect blend of tree-lined streets, well-maintained properties, and excellent schools, making it an attractive destination for families and professionals. The local real estate market is marked by diverse property options, from charming single-family homes to investment-worthy multi-unit buildings. With its strong community spirit, top-notch schools, and proximity to public transportation, La Grange Park presents an enticing investment opportunity for those seeking stable and appreciating assets in a flourishing suburban setting.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
La Grange Park Antique Mall (0.48 mi)
-
The Children's House Montessori School (0.48 mi)
-
Hop District Community Brewing (0.54 mi)
- Education
-
Ready Teddy (0.05 mi)
-
The Children's House Montessori School (0.48 mi)
-
Forest Road School (0.7 mi)
- Food
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Posto 31 (0.47 mi)
-
Cafe Level Up & Lounge (0.47 mi)
-
Ino's Tacos (0.46 mi)
- Health & Medical
-
Brannick Clinic of Natural Medicine (0.47 mi)
-
Strive 4 Fitness (0.48 mi)
-
Londos Glenn, OD (0.5 mi)
Contact Information
- List Price $600,000
- Property Type Two – Four Unit
- Current Rents $55,800
- In Place NOI $13,305
- Target CAP Rate 5.3%
- Today's Market Value $600,000
- Price / Unit $200,000
- Units 3
- Pro Forma Rents $60,000
- Projected NOI $35,535
- Market CAP Rate 5%
- Value w/Market Rents $650,000
*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.
