- List Price $650,000
- Price / Unit $162,500
- Property Type Two – Four Unit
- Units 4
- Current Rents $49,200
- Pro Forma Rents $71,996
- In Place NOI $30,454
- Projected NOI $51,841
- Target CAP Rate 4.6%
- Market CAP Rate –
- Today's Market Value $650,000
- 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
- 3808
- 1967
- 100%
- 7
- 2
- Forced Air
- Window Units
- Common, Paid
7
4
3808
- 1967
- 100%
- 7
- 2
- Forced Air
- Forced Air
- Common, Paid
About the property
Beautiful brick 4-unit building in the sprawling suburban town of Crest Hill. The building consists of (3) oversized 2-bed units and one 1-bed unit. The building itself is built on a large corner lot on a quiet residential block that’s walking distance from the local school. The landlord covered utilities are only common area electric and water. The units run off of electric baseboard heaters that are metered directly to the tenants. The units have been well maintained by the current owner and there is ample parking in the back with at least 8 available spaces.
About the neighbourhood
- Crest Hill is a small, vibrant town of 20,500 located 30 miles southwest of downtown Chicago and 5 miles north of Joliet, Illinois’ 3rd largest city. Crest Hill was incorporated in 1960 to avoid being annexed by neighboring Joliet, in order to preserve its small-town character. Today it is known for both its popular commercial districts and natural environments, particularly the Prairie Bluff Preserve on the north side of town. The town borders Lewis University to the north along with the Lewis University Regional airport.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
Elemental Care - Health & Wellness Center (1.16 mi)
-
Barton Staffing Solutions (1.16 mi)
-
HellsGate Haunted House (1.28 mi)
- Education
-
Children's Road To Success (1.21 mi)
-
Joliet Montessori School (1.29 mi)
-
Brushed Adrienne Benet Studio (1.63 mi)
- Food
-
Catcher's Tap (0.44 mi)
-
El Chivo Birrieria & Taqueria (0.45 mi)
-
Merichka's Restaurant (0.59 mi)
- Health & Medical
-
ARRO Laboratory (0.4 mi)
-
Elemental Care - Health & Wellness Center (1.16 mi)
-
Scott Springer, DO - Center for Reproductive Health (1.21 mi)
Contact Information
- List Price $650,000
- Property Type Two – Four Unit
- Current Rents $49,200
- In Place NOI $30,454
- Target CAP Rate 4.6%
- Today's Market Value $650,000
- Price / Unit $162,500
- Units 4
- Pro Forma Rents $71,996
- Projected NOI $51,841
- Market CAP Rate –
- 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.
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