Address not disclosed Calumet Park, IL 60827

Fully-occupied, and updated 18-unit multifamily offering in Calumet Park, Illinois, a southern suburb of Chicago. The offering consists of 13 two-bedroom units and 5 one-bedroom units. The recent renovations included: all apartments were rehabbed under the current management, the roof replacement was done in 2018, 90% of window glass inserts were replaced in 2019, new gutters and downspouts were installed, water tank was replaced in 2019, landscaping is being conducted on ongoing basis. The property is very well run with an excellent collection history. Each tenant is thoroughly screened and well documented with written lease agreements. Some leases are one-year lease terms and some are month-to-month. There are 3 tenants who are under Section 8 Program and 1 tenant is under Veteran Housing Program. Flexible rent structure provides a buyer the opportunity to renew or re-tenant at higher rental rates. There is market-supported upside in rents ranging from $50-$150 per unit; many through simple renewal increases.