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%