- List Price $510,000
- Price / Unit $255,000
- Property Type Two – Four Unit
- Units 2
- Current Rents $40,200
- Pro Forma Rents $50,488
- In Place NOI $26,377
- Projected NOI $35,853
- Target CAP Rate 5.2%
- Market CAP Rate 5%
- Today's Market Value $527,000
- Value w/Market Rents $717,000
*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.
- 5
- 2
- 2400
- 1973
- 100%
- 5
- 2
- Boiler Heat
- VRF
- Common, Free
5
2
2400
- 1973
- 100%
- 5
- 2
- Boiler Heat
- Boiler Heat
- Common, Free
About the property
Great investment opportunity. Walking distance to the metra, downtown Lisle and close to I88 & 355. Property has been close to completely renovated. Interior features two fully remodeled units. Unit 1 has is a 3-bed unit and Unit 2 is a 2-bed unit. Mechanicals feature newer boiler system. Exterior has a newer roof, all newer windows, and more. Utilities separated and paid by tenants. Water is shared 50/50 between the tenants. Don’t miss this opportunity for a grade A property in a grade A neighborhood
About the neighbourhood
- Nestled just 25 miles west of Chicago, Lisle, Illinois, beckons real estate investors with its unique blend of location advantages, economic stability, and housing diversity. Lisle enjoys a strategic location that bridges the urban pulse of Chicago with the tranquility of suburban living. Accessible via major highways and efficient public transportation, Lisle offers an ideal blend of city proximity and suburban serenity. Lisle's economic foundation is rock-solid. With a mix of Fortune 500 companies, thriving technology firms, and esteemed educational institutions, the town's job market remains stable and robust. This translates to consistent housing demand, providing a secure foundation for your investment. Lisle is renowned for its investor-friendly policies and supportive atmosphere for real estate professionals. The town provides valuable resources and assistance to property owners, making it easier to navigate and succeed in the local real estate market.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
Lisle Ale Fest (0.12 mi)
-
Marq on Main (0.14 mi)
-
Sanly Beauty Studio (0.15 mi)
- Education
-
Rosehill Montessori School (0.18 mi)
-
St Joan of Arc School (0.15 mi)
-
The Collective, A Lifestyle Boutique (0.23 mi)
- Food
-
Evviva Bar & Eatery (0.05 mi)
-
Caffe Di Moda (0.13 mi)
-
French Market - Lisle (0.16 mi)
- Health & Medical
-
Get Fit Together (0.13 mi)
-
Choice Eye Care (0.14 mi)
-
Sanly Beauty Studio (0.15 mi)
Contact Information
- List Price $510,000
- Property Type Two – Four Unit
- Current Rents $40,200
- In Place NOI $26,377
- Target CAP Rate 5.2%
- Today's Market Value $527,000
- Price / Unit $255,000
- Units 2
- Pro Forma Rents $50,488
- Projected NOI $35,853
- Market CAP Rate 5%
- Value w/Market Rents $717,000
*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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