101667. 79 SFR Home Chicago, IL

Highlights:

• PORTFOLIO HIGHLIGHTS FINANCIAL HIGHLIGHTS LOCATION/MSA HIGHLIGHTS
• INVESTMENT HIGHLIGHTS
• • Home types include single-family detached,
• duplexes and triplexes
• • The average home size is 1,420 square feet
• with a current monthly average rental of
• $1,479
• • Portfolio consists of two, three, four and five
• bedroom homes
• • Homes are located in the city of Chicago and
• Cook County
• • Average vintage of the homes is 1939
• • The portfolio is self-managed with a
• dedicated maintenance professional
• • Monthly rents are just 2% below current
• market rents
• • In-place Cap Rate of 7.65% and gross yield of
• 11.93%
• • $189,873 asking price per home
• • Home values up 14.6% in the past 24 months
• and are expected to grow 9% in the next 36
• months
• • Over 90% leased to fully vetted tenants
• • The Chicago Housing Authority subsidizes
• approximately 75% of the Section 8 rents
• • Seller’s loan is assumable with a 5.25%
• interest rate
• • Homes are in close proximity to Interstates
• 57, 90 and 94
• • The majority of homes are located near
• above average schools
• • Many homes are in close proximity to
• Chicago Midway Airport
• • All of the homes are within a 20 to 30-minute
• commute to Downtown Chicago
• • The majority of the people residing within
• and near this portfolio utilize public
• transportation

Description:

SVN | SFRhub Marketplace is pleased to present
to qualified investors this 79-home SFR portfolio
scattered about the south side of Chicago, Illinois.
The asset mix includes 63 single-family detached
homes, 5 duplexes (10 doors), and 2 triplexes (6
doors). The portfolio includes a mix of 10 twobedroom, 42 three-bedroom, 21 four-bedroom,
and 6 five-bedroom homes. The seller aggregated
the portfolio over a two-year period beginning
in 2014 by purchasing the homes one at a time
or in small bulk packages. Necessary capital has
been deployed in each home during tenant turns.
The seller has another portfolio of 18 homes
for the investor seeking additional inventory in
the Chicago area. The portfolio is currently selfmanaged and includes a dedicated maintenance
professional.
The homes were built between 1890 and 1986
with an average vintage of 1939. All the homes
are located within Cook County and the city of
Chicago. The average asking price per home of
$189,873. This price is almost one-half the median
home price in Chicago of $344,200. Home values
are up over 14% in the past 24 months according
to John Burns Research & Consulting and are
expected to grow by 2.9% in 2025 and 3.2% in
2026. The average current monthly rent of $1,887
is just 2% below current market rents. Chicago
rents have increased 12% in the past 24 months
are expected to grow over 10% in the next three
years per John Burns Research & Consulting. The
Midwest is seeing some of the nation’s strongest
home price and rent growth at this point in the
cycle yet remains among the most affordable
regions in the US. A limited supply of new
construction and resale homes is responsible for
the region’s pricing power.
Over 25% of the tenants have been in place
for more than six years. There are 56 tenants
within the portfolio receiving Section 8 benefits.
Approximately 75% of the rent received from
those leases is being subsidized by the Chicago
Housing Authority. Currently there are 3 vacant
homes and 4 leases are going through an
eviction process. Market rent tenants account for
approximately 25% of annual revenue.
The seller has an assumable debt with an
expiration of April 2029. There is a little or
$6,000,000 in remaining principal at a rate of
5.25%. An assumption of this debt will require
lender approval.
This is an attractive portfolio for an investor with
an in-place cap rate of 7.65% and a gross yield
of 11.93%. For an investor with a 5-year holding
period, the gross yield will exceed 14% with a
leveraged IRR of over 24%.

Chicago, IL, is one of the largest and most dynamic
metropolitan areas in the United States, with a
population of approximately 2.7 million residents
and a broader metro area exceeding 9.5 million.
The city serves as a major economic hub, offering a
diverse economy supported by industries such as
finance, technology, healthcare, manufacturing,
and transportation. Chicago’s strategic location
and extensive infrastructure make it a critical
center for trade, logistics, and global business
operations.
Home to 35 Fortune 500 companies, including
Boeing, McDonald’s, Walgreens Boots Alliance,
and United Airlines, Chicago has a strong corporate
presence that drives job creation and business
growth. O’Hare International Airport, one of the
busiest in the world, further enhances the city’s
role in global commerce. Additionally, the Chicago
Mercantile Exchange and the Chicago Board
Options Exchange reinforce the city’s position as
a leader in finance and trading.
Economic development initiatives such as the
Chicago Neighborhood Opportunity Fund and
Invest South/West focus on revitalizing commercial
corridors and underserved communities,
encouraging business expansion and job creation.
The presence of world-class institutions like the
University of Chicago, Northwestern University,
and the Illinois Institute of Technology ensures a
highly educated workforce, fostering innovation
and attracting top talent to the city.
Chicago’s unemployment rate remains
competitive, benefiting from a strong labor
market across major employment sectors,
including professional services, education,
healthcare, and advanced manufacturing. The
real estate market continues to attract investors,
supported by steady population trends and
ongoing infrastructure improvements. Largescale projects, such as transit system upgrades
and commercial developments, contribute to the
city’s long-term growth.
With its central location, robust public
transportation network, and thriving business
environment, Chicago remains a prime destination
for companies and individuals seeking economic
opportunity, cultural amenities, and a high quality
of life. The city’s combination of industry diversity,
workforce strength, and ongoing investment
makes it a key player in the national and global
economy