Hanover Park Chicago,IL

שיקגו3שיקגו4השקעות נדלן בחול

Property Type

Multi-Family residential complex

Minimum investment

60,000 $

Expectancy of selling

3-5 years

Address

4209 West 115th Street, Alsip IL 60803

Strengths

  • Existing and active property with 96% occupancy in a highly sought-after area
  • Chicago is low priced and is still far from its peak prices
  • The Multi-Family industry has been growing for a decade

About the project

Investment in the City of Chicago, acquisition, renovation and improvement of a 144 units Multi-Family residential complex. High current yield potential and current income from rental income. Exit and profit expectancy as a result of improvement and increase in value.

The project in numbers

  • Number of residents in the neighborhood: 18,880
  • Average age: 35.9
  • Family median income per year: 52,432$
  • Percentage of property owners: 61%
  • Unemployment rate: 4.2%
  • Neighborhood Occupancy Percentage: 94.8%