Interra Realty has been exclusively engaged to market the nine (9) building portfolio in a prime market of Chicago's South Suburbs, located in Lansing, IL. The neighboring 1970’s properties reside in a flourishing retail pocket of the submarket, while also locationally versatile by bordering several of Indiana's hottest markets in addition to being alongside I-94 for easy access to downtown Chicago. The fifty-four (54) unit offering consists of thirty-four (34) three bedrooms and twenty (20) two-bedroom apartments.

All apartments have been well maintained with 27 out of the 54 units updated with new kitchens and bathroom vanities. The units feature carpeted flooring in the living and dining areas, tile flooring in the kitchen, formica countertops, and updated cabinetry. The buildings are heated through hot water baseboard heat and cooled through window sleeve A/C units.

Many major capital items have been addressed during the course of ownership, including new tear off roofs, new windows (3 buildings), re-paved and re-striped for all parking lots. In addition, the buildings are outfitted with secured entrances, storage lockers, flood lights, and a dedicated security room with a fully built-in camera system. Each property includes one (1) washer and one (1) dryer (owned by the landlord).

Qualified investors have the opportunity to finish rehabbing the remaining units and increase rents by 25%. New ownership will inherit a well-maintained asset with rare scale in a prime location of the Chicago suburbs and achieve a 21%+ cash on cash return.

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