- List Price $525,000
- Price / Unit $131,250
- Property Type Two – Four Unit
- Units 4
- Current Rents $54,000
- Pro Forma Rents $73,488
- In Place NOI $34,590
- Projected NOI $52,881
- Target CAP Rate 6.6%
- Market CAP Rate –
- Today's Market Value $525,000
- Value w/Market Rents $550,000
*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
- 5
- 3588
- 1876
- 75%
- 7
- 2
- Forced Air
- Central Air
7
5
3588
- 1876
- 75%
- 7
- 2
- Forced Air
- Forced Air
About the property
Welcome to an incredible investment opportunity in Franklin Park, IL. This historic 4-unit property, built in 1876 by one of the founding families of Franklin Park, offers an opportunity for investors seeking a unique addition to their portfolio. With its prime location and historic charm, this property is perfect for investors looking to capitalize on the strong rental market in the area. Each unit features unique architectural details and a spacious layout, offering a comfortable living space for tenants.
The property also boasts a large yard, providing a beautiful outdoor space for tenants to enjoy. The detached garage offers additional storage space, and the building’s historic character adds to the charm and appeal for renters.
About the neighbourhood
- Franklin Park, IL is a prime location for real estate investors looking to capitalize on the thriving economy of the greater Chicago area. The local real estate market is diverse, with a range of properties available to suit a variety of investment strategies, from single-family homes to multi-unit apartment buildings. The area's strong rental market makes it an ideal location for investors seeking long-term cash flow from rental income. Additionally, Franklin Park offers attractive amenities, such as parks, top-rated schools, and a vibrant local business community, making it a highly sought-after location for families and young professionals. Overall, Franklin Park offers a compelling investment opportunity for real estate investors seeking to capitalize on the growth potential of the greater Chicago area.
Property Documents
Property Financials
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Walkscore
Nearby
- Arts & Entertainment
-
morenoStudio (0.57 mi)
-
Ecos Estate Sales (0.46 mi)
-
Best Western Plus O'Hare International South Hotel (0.5 mi)
- Education
-
Swing 'n' Country (0.38 mi)
-
ATA Martial Arts - Franklin Park (0.56 mi)
-
AHI Real Estate & Insurance Services (0.59 mi)
- Food
-
Chicago Kimchee (0.16 mi)
-
DMJ'S On Time Taxi (0.57 mi)
-
Lulu Belle's Pancake House (0.36 mi)
- Health & Medical
-
Franklin Park Dental (0.42 mi)
-
Myriam Yokana, MD (0.57 mi)
-
Mannheim Dental (0.57 mi)
Contact Information
- List Price $525,000
- Property Type Two – Four Unit
- Current Rents $54,000
- In Place NOI $34,590
- Target CAP Rate 6.6%
- Today's Market Value $525,000
- Price / Unit $131,250
- Units 4
- Pro Forma Rents $73,488
- Projected NOI $52,881
- Market CAP Rate –
- Value w/Market Rents $550,000
*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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