3609 Iles AveSpringfield, IL 62711

For Sale
$2,506,600

High-Yield Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional portfolio comprises six meticulously maintained single-family homes situated across desirable Illinois neighborhoods: Springfield, Elk Grove Village, Collinsville, Bloomingdale, Joliet, and Decatur. The properties boast a combined NOI of $175,462, representing a compelling 7.00% capitalization rate on an asking price of $2,506,600. Each home is move-in ready, featuring spacious layouts with upgraded kitchens and bathrooms. Many include finished basements, fireplaces, and private outdoor spaces. Recent improvements across the portfolio include new roofs, fresh paint, updated flooring, and remodeled kitchens and baths, minimizing maintenance needs and maximizing rental income. The properties exhibit excellent curb appeal, with well-maintained yards and outdoor amenities. This turnkey portfolio presents a rare opportunity for investors seeking a high-yield, low-maintenance investment in the Illinois real estate market. The portfolio's diverse geographic locations across multiple counties (Sangamon, Cook, Madison, DuPage, Will, and Macon) offer diversification and resilience. This is an ideal investment for those seeking immediate cash flow and long-term appreciation potential. The properties are located at 3609 W Iles Ave, Springfield, IL 62711

Highlights

  • Six meticulously maintained single-family homes in desirable Illinois locations (Springfield, Elk Grove Village, Collinsville, Bloomingdale, Joliet, and Decatur).
  • $2,506,600 asking price with a 7.00% capitalization rate and $175,462 Net Operating Income (NOI).
  • Move-in ready condition with upgraded kitchens and bathrooms; many feature finished basements, fireplaces, and private outdoor spaces.
  • Recent renovations including new roofs, fresh paint, updated flooring, and remodeled kitchens and baths.
  • Turnkey portfolio offering high yield and low maintenance, located across multiple Illinois counties for geographic diversification.

Property Details for 3609 Iles Ave

Property type
Multifamily properties, Residential income homes
Units
6

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7712126
Longitude
-89.721315
3609 Iles Ave, Springfield, Illinois

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3609 Iles Ave
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