1000 Sarah Constant Ln., 2344 & 2385 John Smith Dr.
- 18-unit rental portfolio offered as a package within the Schaumburg Terrace community
- Three 6-unit groupings, each situated within a separate 18-unit condominium building
- Unit mix: twelve 2BR/1BA and six 1BR/1BA
- Association covers exterior maintenance, common areas, water, and heat (boiler baseboard); owner is responsible for interiors only
- Every unit includes in-unit washer/dryer, dishwasher, and air conditioning
- Five of eighteen units fully renovated; thirteen units present a defined value-add runway
- Renovation scope is established and repeatable: kitchens, baths, flooring, and paint
- Five units currently on month-to-month tenancies, allowing for near-term renovation and re-lease
- Schaumburg location offering proximity to Woodfield Mall, I-90, and major employment corridors in the northwest suburbs
Property Description
This offering consists of an 18-unit rental portfolio within the Schaumburg Terrace community in Schaumburg, IL. The portfolio includes three separate 6-unit groupings, each located within an 18-unit condominium building. All units are leased, and the portfolio is being offered as a package. The condominium association handles all exterior maintenance and common areas, including roofs, windows, doors, parking, snow removal, and landscaping. Heat (boiler-fed baseboard) and water are also included in the assessment, leaving ownership responsible only for unit interiors, with tenants paying electric. This structure minimizes day-to-day management and capital exposure compared to traditional small multifamily assets. The unit mix includes twelve two-bedroom/one-bath units and six one-bedroom/one-bath units. All units feature an in-unit washer and dryer, dishwasher, and air conditioning. Five units have been fully renovated, with thirteen remaining that offer a clear, repeatable value-add opportunity. Renovated units include updated kitchens with new cabinetry, backsplash, sink, and faucet, along with stainless steel appliances (refrigerator, dishwasher, microwave), fully remodeled bathrooms, new flooring, and fresh paint throughout.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,664,000 |
| No. of Units: | 18 |
| Opportunity Zone: | No |
| Price per unit: | $148,000 |
| Property Website | Click Here |
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