101615 . Dynamic Tri-plex BFR Chicago, IL

• New construction tri-plex homes in high growth Bronzville Chicago submarket
• Excellent opportunity to purchase 81 homes in 27 buildings at Certificate of Occupancy
• Opportunity to purchase completed, fully leased buildings (2) and soon to be delivered buildings
• All homes will be finished by Q3 of 2024
• Opportunity to purchase all 27 buildings in bulk or purchase in smaller bulk packages of two or more buildings
• Quality, high end condo finishes throughout
• All 3 bedroom 2 bathroom, 1350/sf homes with 1 detached garage per home
• Access Green Line, employment, entertainment and lakefront
• Chicago market poised for strong rental growth of 14.5% though 2027 according to John Burns
• Home value appreciation projected at 11.5% through 2027
• Per home stabilized rental rates conservatively projected at $2729 per month
• Two buildings currently leased, most recent rental rate is $2595, only 5% below projected stabilized rents
• Conservative 6.67% cap rate at Stabilized NOI after all buildings leased and operating
• Annual Gross Rents at Year 1 modeled at $2,501,788, its anticipated lease up rents will surpass projected stabilized rents as buildings come online in Q2 & Q3 this year, further driving net stabilized NOI growth
• Year 5 disposition shows strong 24.58% IRR assuming 5% exit
• Flexible disposition strategies available pending market conditions
• All SVN® Offices 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: North Clybourn Group Staci Slattery Designated Broker Visit www.SFRhub.com and search for portfolio 1001615 for more information. This Dynamic Bronzeville scattered tri-plex portfolio is exceptionally well positioned for investors to take advantage of a thriving market amidst massive investment and revitalization in the public and private sectors. Bronzeville is already on sturdy ground, with historical data over the last five years showing significant growth, and has been a great place to invest in recently, drawing from the direct exposure of the city’s revitalization efforts in Bronzeville.  These efforts have created the perfect marriage between purpose & profit, exemplifying how the neighborhood has become the city’s hottest new-home market. Its 5-year streak of new home sales, according to Crains in Jan 2022, is unmatched in other parts of the town, not strictly in numbers, but in the way it’s transforming a neighborhood and still offering affordability compared to the upper north side markets. In July of 2023, Bronzeville set a new economic development record of $10B, adding more than 55,000 jobs today and 10% growth according to the U.S. Census, with an affluent middle-class demographic of college-educated people.   This dynamic investment home portfolio can be purchased in bulk with a forward Purchase & Sales Agreement (PSA) or can be cherry-picked in smaller packages, offering investor flexibility pending capital deployment and financing needs.  Every building includes 3 stacked condominium units; all are 3 bedrooms 2 bath, 1350/sf homes, each with a detached 1 car garage. Homes are finished with high-end condo specifications and have nearby access to the University of Chicago, Illinois Institute of Technology (IT), the Green Line, and Chicago’s beautiful lakefront.  This dynamic scattered home investment opportunity boosts significant returns on new construction stacked tri-plex homes, offering multiple exit strategies at disposition, as all 81 homes can be sold separately, or each building, 27 in total, can be sold individually on the income method post stabilization. Rents at stabilization are projected to achieve $2,650 per month conservatively, and rents in Chicago are anticipated to grow 14.5% between now and 2027, according to John Burns Real Estate Consulting, with home price appreciation during the same period of 11.8%.   With annual Year 1 Gross Rents of $2,653,074 and optimized expenses, a seasoned investor should be at or above 6.5% at stabilization and a year 3 IRR of 36.36%, assuming a 5% cap disposition. Variable exit strategies offer investors a unique, risk-mitigated hedge on the market pending where real estate values and incomes are in 3-5 years. Each building can be sold individually or in bulk to income investors, or a buyer can cash flow for several years while riding home value appreciation and may opt to vacant units and sell individual condos to retail buyers if they so choose.