101609 . 12 Home SFR Chicago, IL

• 12 Home SFR in the Chicago Area Rental Market
• Asset mix consists of 3-, 4- and 5-bedroom homes
• Average Home is 1,753 square feet
• Average vintage of the homes is 1946
• The portfolio has been professionally managed and maintained
• Long-term tenants in place
• Value-add opportunity with current rents 15% below current market rents
• Current rents average $1,757/month
• All SVN® Offices Are Independently Owned & Operated
• Local Broker License Information: www.SFRhub.com/realestatelicensing

Property Description

Contact: TOM JOHNSTON Managing Director | Designated Broker SVN | SFRhub Marketplace T: 602.441.5354 C: 602.403.3695 [email protected] License #: BR507919000 BOR: SVN | Chicago Commercial Michael Thanasouras Designated Broker Visit www.SFRhub.com and search for portfolio 101609 for more information. SVN | SFRhub Marketplace is excited to introduce a portfolio of 12 single-family homes located in various areas around Illinois, including Hazel Crest, Calumet City, Richton Park, Glenwood, and Chicago. These homes feature 3, 4, and 5 bedrooms and are well-maintained with long-term tenants in place. The current rents are 15% below market rates, presenting a significant value-add opportunity for the next investor. The average asking price per home is $162,167, which is over $100,000 below the median home price in Chicago. This presents a chance for home price appreciation as the market catches up to its potential. Additionally, with a 10% decrease in new home permits expected in 2024, rental demand is projected to rise by 4.9% year over year and by 14.5% through 2027 in the Chicago area. Chicago has historically been a robust rental market, ranking #47 among the top 99 renter household markets in the country. Despite not experiencing the same rapid rise in home values as some southern regions during and postpandemic, Chicago’s home values appreciated by 22% from 2021 to 2023, with further increases expected. This portfolio offers investors the opportunity to capitalize on high occupancies, potential rent increases, and future home value appreciation in a market with limited housing supply. Overall, it presents a promising investment prospect for those looking to enter or expand their presence in the Chicago rental market.