22 Home SFR Investment Portfolio Sauk Village IL
Listing was updated at: 09/03/2019
Property Overview
Price/Rent PSF $ 1,430,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 23,497
Date Available 09/03/2019
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Just 15 minutes south of Chicago is the town of Sauk Village in Cook County in Illinois. Today, Sauk Village has a population of 10,452 as 2017 and over 3,400 households. The area is also home to a massive 425-acre master planned Business Logistic park with rail spur access and is strategically placed along the Sauk Trail and Illinois 394. Since the 1970s, stronger involvement by the village government in the development and the demand for affordable single-family housing led to new residential growth. In addition, several major truck terminal facilities have taken advantage of Sauk Village's location near the interstate highways

A couple of miles from Sauk Village is the principal city in the Chicago MSA, Chicago. Located in northeastern Illinois on the southwestern shores of Lake Michigan, Chicago is the county seat of Cook County and is the third most populous city in the United States with 2.7 million people. The Chicago Metropolitan Statistical Area has a population of nearly 10 million people and is the third most populous city in the United States. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research Network and is ranked seventh in the world in the 2016 Global Cities Index. Chicago has the third-largest gross metropolitan product in the United States—about $658.6 billion according to 2014–2016 estimates. With one of the world’s largest and most diversified economies, Chicago is rated as having the most balanced economy in the United States. This balance is due to its elevated level of diversification.

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This 22 home Single Family Rental investment portfolio in Sauk Village Illinois is primarily located in the southern suburb of Chicago. Sauk Village is just south of Chicago, the 3rd most populated city in the United States. The entire portfolio is located in Cook County. Since its incorporation on March 12, 1957, Sauk Village has undergone considerable change and expansion.

This portfolio offers an investor immediate cash flow in the Chicago area market with 100% occupancy. This portfolio can be packaged for an investor with any of our other portfolios in Illinois, Wisconsin, Indiana, Ohio, throughout the Midwest as well as throughout the country. The average vintage of homes in this portfolio is 1965 with an average of 1068 sqft per home. There are 3 - 2 bed / 1 bath homes, 14 – 3 bed / 1-2 bath homes, 5 - 4 bed / 1-2 bath homes. These well laid out floor plans range from 720-1510 livable square feet, averaging 1068 sqft. Rental rates throughout the portfolio are 11% below market rates, which are continuing to climb in this submarket and will continue bringing increased cash flow to investors bottom line over the years. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 44.5%. Average market rent in Sauk Village is also at $1501 which is 28% higher than the average rent of $1090 in this portfolio, showing the potential for increased profits by increasing rents to market rates.

Sauk Village is ranked as #69 with the lowest cost of living of the 282 suburbs around Chicago. This 22 Home SFR Investment Portfolio is listed at only $61 per sqft compared to the median list price of $77 sqft in the Sauk Village market. The Sauk Village market is also at median home value of $82,153 per home which is 23% higher than the asking price of this portfolio of $65,000 per home. NeighborhoodScout appreciation rate data shows Sauk Village home appreciation rates at an annual appreciation rate of 4.39%.