41 north sacramento humboldt park, chicago il 60622
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO IL 60622
FOR SALE This offering is an eighteen (18) unit L-shaped walk-up apartment building located in the Humboldt Park neighborhood of Chicago. The building consists of all large two (2) bedroom and three (3) bedroom apartments. The property is meticulously maintained with rehabbed apartments featuring individual furnaces, individual hot water heaters, new kitchens & baths, new windows, and new porches. This is a turn-key multi-family investment property PROPERTY HIGHLIGHTS » Fully Rehabbed Building » Large Two & Three Bedroom Units » All Individual Mechanical Systems AREA HIGHLIGHTS » Located on Sacramento Boulevard » Near Shopping on Chicago Ave. » Ten Minutes to Loop
NUMBER OF UNITS 18
RENTABLE SF 17,250
TAXES $15,896
CAP RATE 7.81%
GROSS INCOME $162,509
PRICE $1,299,000
TRANSPORTATION HIGHLIGHTS » ½ Block to Grand & Sacramento Bus Line » Five Minutes to I90/94 Expressway
STATISTICS
0.25 MILE
0.5 MILE
1 MILE
Population
3,104
11,653
56,931
Households
940
3,797
18,995
Average HHI
$46,058
$49,651
$52,084
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected]
jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 SITE PHOTOS
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 PRICING
839-41 N. Sacramento List Price
$1,299,000
Current Cap Rate
7.81%
Current GRM
7.99
# of Units Price Per Unit
18 $72,166.67
Rentable Sq. Ft. Price Per Sq. Ft.
17,250 $75.30
Year Built PIN(s) Type of Building
1914 16-01-322-013-0000 L-Shaped Walk Up
Zoning Lot Dimensions Lot Area
RS-3 60 x 170 10,200
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 Income & Expenses INCOME & EXPENSES - CURREMT Current Annual Per Unit Gross Scheduled Rent Vacancy (5% Stabilized)
$
Laundry
$ $
167,904 $ 9,328 5% (8,395) 3,000 $ 167
Effective Gross Income
$
162,509 $ 9,028
Actual Expenses Taxes Insurance Utilities Scavenger
$ $ $ $
15,896 8,161 4,087 3,359
$ $ $ $
883 453 227 187
Variable Expenses Management Janitor Maintenance/Repairs Cleaning/Supplies Leasing/Other Fees Reserves
$ $ $ $ $ $
8,125 4,320 4,500 3,600 3,358 5,693
$ $ $ $ $ $
451 240 250 200 187 316
Total Expenses Expense Ratio (% of EGI)
$
61,099 $ 3,394 37.60%
Net Income
$
101,410 $ 5,634
Debt Service DCR (x)
$
62,760 1.62
Net Cash Flow Cash on Cash Return
$
38,650 11.90%
Financing Terms Equity Debt Interest Rate Amortization (yrs)
25% $ 75% $
324,750 974,250 5.00% 30
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622
Rent Roll
RENT ROLL
Three-Bedroom, One-Bath Two-Bedroom, One-Bath Three-Bedroom Garden Two-Bedroom Garden One-Bedroom Garden
Unit Mix 3 12 1 1 1
Sq. Footage 1200 900 1200 900 750
Total # Vacant
18 0
17,250
Entrance 839
Unit 1A 1B 1C 1D 1G 2A 2B 2C 2D 2G 3A 3B 3C 3D 3G 1A 2A 3A Total
Unit Type 3/1 3/1 3/1 2/1 1/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 3/1 2/1 2/1 2/1
841
Ave. Rent $ 1,017 $ 764 $ 650 $ 575 $ 552
Current $ 1,025 $ 760 $ 775 $ 800 $ 552 $ 1,050 $ 900 $ 700 $ 795 $ 575 $ 975 $ 695 $ 825 $ 725 $ 650 $ 700 $ 740 $ 750 $ 13,992
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 AERIAL & ROAD MAP
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 DEMOGRAPHICS
1 MILE RADIUS
3 MILE RADIUS
5 MILE RADIUS
TOTAL POPULATION // 3,104
TOTAL POPULATION // 11,653
TOTAL POPULATION // 256,931
MEDIAN AGE // 25.7
MEDIAN AGE // 28.6
MEDIAN AGE // 2.97
MEDIAN HH INCOME // $35,740
MEDIAN HH INCOME // $38,126
MEDIAN HH INCOME // $40,296
PER CAPITA INCOME // $13,823
PER CAPITA INCOME // $16,369
PER CAPITA INCOME // $17,452
AVERAGE HH INCOME // $46,058
AVERAGE HH INCOME // $49,651
AVERAGE HH INCOME // $52,084
TOTAL HOUSEHOLDS // 940
TOTAL HOUSEHOLDS // 3,797
TOTAL HOUSEHOLDS // 18,995
AVERAGE HOUSEHOLD SIZE // 3.29
AVERAGE HOUSEHOLD SIZE // 3.07
AVERAGE HOUSEHOLD SIZE // 2.97
OWNER OCCUPIED HOUSING UNITS // 226
OWNER OCCUPIED HOUSING UNITS // 1,030
OWNER OCCUPIED HOUSING UNITS // 5,477
RENTER OCCUPIED HOUSING UNITS // 714
RENTER OCCUPIED HOUSING UNITS // 2,767
RENTER OCCUPIED HOUSING UNITS // 13,518
POPULATION // 2010
INCOME // 2010
HOUSEHOLDS // 2010
HOUSING // 2010
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
FOR SALE This offering is an eighteen (18) unit L-shaped walk-up apartment building located in the Humboldt Park neighborhood of Chicago. The building consists of all large two (2) bedroom and three (3) bedroom apartments. The property is meticulously maintained with rehabbed apartments featuring individual furnaces, individual hot water heaters, new kitchens & baths, new windows, and new porches. This is a turn-key multi-family investment property PROPERTY HIGHLIGHTS » Fully Rehabbed Building » Large Two & Three Bedroom Units » All Individual Mechanical Systems AREA HIGHLIGHTS » Located on Sacramento Boulevard » Near Shopping on Chicago Ave. » Ten Minutes to Loop
NUMBER OF UNITS 18
RENTABLE SF 17,250
TAXES $15,896
CAP RATE 7.81%
GROSS INCOME $162,509
PRICE $1,299,000
TRANSPORTATION HIGHLIGHTS » ½ Block to Grand & Sacramento Bus Line » Five Minutes to I90/94 Expressway
STATISTICS
0.25 MILE
0.5 MILE
1 MILE
Population
3,104
11,653
56,931
Households
940
3,797
18,995
Average HHI
$46,058
$49,651
$52,084
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected]
jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 SITE PHOTOS
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 PRICING
839-41 N. Sacramento List Price
$1,299,000
Current Cap Rate
7.81%
Current GRM
7.99
# of Units Price Per Unit
18 $72,166.67
Rentable Sq. Ft. Price Per Sq. Ft.
17,250 $75.30
Year Built PIN(s) Type of Building
1914 16-01-322-013-0000 L-Shaped Walk Up
Zoning Lot Dimensions Lot Area
RS-3 60 x 170 10,200
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 Income & Expenses INCOME & EXPENSES - CURREMT Current Annual Per Unit Gross Scheduled Rent Vacancy (5% Stabilized)
$
Laundry
$ $
167,904 $ 9,328 5% (8,395) 3,000 $ 167
Effective Gross Income
$
162,509 $ 9,028
Actual Expenses Taxes Insurance Utilities Scavenger
$ $ $ $
15,896 8,161 4,087 3,359
$ $ $ $
883 453 227 187
Variable Expenses Management Janitor Maintenance/Repairs Cleaning/Supplies Leasing/Other Fees Reserves
$ $ $ $ $ $
8,125 4,320 4,500 3,600 3,358 5,693
$ $ $ $ $ $
451 240 250 200 187 316
Total Expenses Expense Ratio (% of EGI)
$
61,099 $ 3,394 37.60%
Net Income
$
101,410 $ 5,634
Debt Service DCR (x)
$
62,760 1.62
Net Cash Flow Cash on Cash Return
$
38,650 11.90%
Financing Terms Equity Debt Interest Rate Amortization (yrs)
25% $ 75% $
324,750 974,250 5.00% 30
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622
Rent Roll
RENT ROLL
Three-Bedroom, One-Bath Two-Bedroom, One-Bath Three-Bedroom Garden Two-Bedroom Garden One-Bedroom Garden
Unit Mix 3 12 1 1 1
Sq. Footage 1200 900 1200 900 750
Total # Vacant
18 0
17,250
Entrance 839
Unit 1A 1B 1C 1D 1G 2A 2B 2C 2D 2G 3A 3B 3C 3D 3G 1A 2A 3A Total
Unit Type 3/1 3/1 3/1 2/1 1/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 2/1 3/1 2/1 2/1 2/1
841
Ave. Rent $ 1,017 $ 764 $ 650 $ 575 $ 552
Current $ 1,025 $ 760 $ 775 $ 800 $ 552 $ 1,050 $ 900 $ 700 $ 795 $ 575 $ 975 $ 695 $ 825 $ 725 $ 650 $ 700 $ 740 $ 750 $ 13,992
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 AERIAL & ROAD MAP
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
MULTI-FAMILY 839 - 41 NORTH SACRAMENTO HUMBOLDT PARK, CHICAGO, IL 60622 DEMOGRAPHICS
1 MILE RADIUS
3 MILE RADIUS
5 MILE RADIUS
TOTAL POPULATION // 3,104
TOTAL POPULATION // 11,653
TOTAL POPULATION // 256,931
MEDIAN AGE // 25.7
MEDIAN AGE // 28.6
MEDIAN AGE // 2.97
MEDIAN HH INCOME // $35,740
MEDIAN HH INCOME // $38,126
MEDIAN HH INCOME // $40,296
PER CAPITA INCOME // $13,823
PER CAPITA INCOME // $16,369
PER CAPITA INCOME // $17,452
AVERAGE HH INCOME // $46,058
AVERAGE HH INCOME // $49,651
AVERAGE HH INCOME // $52,084
TOTAL HOUSEHOLDS // 940
TOTAL HOUSEHOLDS // 3,797
TOTAL HOUSEHOLDS // 18,995
AVERAGE HOUSEHOLD SIZE // 3.29
AVERAGE HOUSEHOLD SIZE // 3.07
AVERAGE HOUSEHOLD SIZE // 2.97
OWNER OCCUPIED HOUSING UNITS // 226
OWNER OCCUPIED HOUSING UNITS // 1,030
OWNER OCCUPIED HOUSING UNITS // 5,477
RENTER OCCUPIED HOUSING UNITS // 714
RENTER OCCUPIED HOUSING UNITS // 2,767
RENTER OCCUPIED HOUSING UNITS // 13,518
POPULATION // 2010
INCOME // 2010
HOUSEHOLDS // 2010
HOUSING // 2010
MATTHEW KATSAROS Senior Associate (P) 312.335.3292 (C) 312.375.7089 // (eFax) 312.229.9193 // [email protected] jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.
