All Forum Posts by: Joey Batliner

Off Market Deal:
8 Unit, Mixed Use For Sale
VALUE ADD Humboldt Park, Chicago Illinois
NOI: $88,404
Entry Cap: 6.8%
(4-2 Bedroom/1 Bath)(1-2 Bedroom/2 Bath) & 3 Commercial Spots

- If you are interested we are doing showings Thursday 4/27 and I can add you the schedule

Off Market Deal:
8 Unit, Mixed Use For Sale
VALUE ADD Humboldt Park, Chicago Illinois
NOI: $88,404
Entry Cap: 6.8%
(4-2 Bedroom/1 Bath)(1-2 Bedroom/2 Bath) & 3 Commercial Spots

- If you are interested we are doing showings Thursday 4/27 and I can add you the schedule

If you're looking for a way to build long-term wealth and financial freedom, Multi-Family real estate investing can be an excellent option. Here are just a few reasons why:

1. Cash Flow: One of the biggest advantages of investing in Multi-Family properties is the potential for cash flow. With multiple units generating rental income, you have the opportunity to earn consistent cash flow that can help cover your expenses and generate passive income.

2. Appreciation: Over time, Multi-Family properties can appreciate in value, providing you with potential capital gains when you decide to sell. With the right location and property management, you can see significant appreciation over the long term.

3. Economies of Scale: Another key benefit of Multi-Family real estate investing is the ability to take advantage of economies of scale. With multiple units in a single property, you can spread out your expenses and take advantage of cost savings on things like maintenance and management.

4. Tax Benefits: There are several tax benefits associated with multi-family real estate investing, including deductions for mortgage interest, property taxes, and depreciation. These deductions can help lower your overall tax bill and increase your cash flow.

5. Diversification: Investing in Multi-Family properties can also provide diversification for your portfolio. Unlike stocks or bonds, real estate investments are not directly tied to the stock market and can provide a hedge against market volatility.

Boiler System:

• How it works: heats water to produce steam for heating and hot water
• What it does: provides heat and hot water for a household or building
• What can go wrong: malfunctioning components, leaks, pressure issues
• Average repair cost 2023: $500 - $3,000

Furnace:

• How it works: burns fuel to heat air that's distributed through ducts
• What it does: provides heat for a household or building
• What can go wrong: malfunctioning components, dirty filters, pilot light issues
• Average repair cost 2023: $300 - $2,000

Water Heater:

• How it works: heats water for use in sinks, showers, and appliances
• What it does: provides hot water for a household or building
• What can go wrong: malfunctioning components, leaks, sediment buildup
• Average repair cost 2023: $200 - $1,500

Gas Meter:

• How it works: measures the amount of gas being used by a household or building
• What it does: helps accurately bill for gas usage and monitor usage
• What can go wrong: leaks, malfunctioning components, inaccurate readings
• Average repair cost 2023: $100 - $500

Electric Meters:

• How it works: measures the amount of electricity being used by a household or building
• What it does: helps accurately bill for electricity usage and monitor usage
• What can go wrong: malfunctioning meters, faulty connections, inaccurate readings
• Average repair cost 2023: $100 - $500

Plumbing:

• How it works: distributes clean water and removes wastewater and sewage
• What it does: provides access to clean water and maintains sanitation
• What can go wrong: leaks, clogs, low water pressure, faulty fixtures
• Average repair cost 2023: $200 - $1,000

Roof:

• How it works: provides protection from weather and elements
• What it does: keeps a household or building dry and structurally sound
• What can go wrong: leaks, damage from weather or debris, aging materials
• Average repair cost 2023: $300 - $3,000

@John Warren Yes we did rebranding and are now called Citypoint. We do own the Berwyn property and are in no rush to sell that subject property. That's why we have had it posted on our website for a year. 

I will let you know if we get anything new. I am a broker but we do not list most of our properties on MLS/Crexi/LoopNet so that is what we mean by off-market.

Hey, @Jonathan Klemm thanks for reaching out and I understand where you are coming from on the top 3 deals. We get new deals weekly and strictly push them out to our private network so I would love to connect and figure out your criteria for investments.

@John Warren if you have any insight on Berwyn I would love to get your take.

@Eudith Vacio and I have been in contact about the East Chicago property. Thank you for the heads up.

27 Units Mount Prospect, Illinois
Purchase Price: $2,994,000
NOI: $ 187,568
Entry Cap: 6.3%
3 - 9 Unit Buildings (6 studios, 18 - 1 Bedrooms, 3 - 2bedrooms)

28 Units Oak Lawn, Illinois
Purchase Price: $2,900,000
NOI: $208,537
Entry Cap: 7.2%
(24 - 1 Bedroom, 4 - 2 Bedrooms)

30 Units Berwyn, Illinois
Purchase Price: $3,050,000
NOI: $157,318
Entry Cap: 5.2%
(28 Studios, 2 - 1 Bedrooms)

16 Units Crest Hill, Illinois
Purchase Price: $2,200,000
NOI: $134,000
Entry Cap: 6.1%
3 Building Portfolio (2 - 6 Units, 1 - 4 Unit)

12 Unit Blue Island, Illinois
Purchase Price: $900,000
NOI: $63,370
Entry Cap: 6.9%
(10 - 2 Bedroom, 2 - 1 Bedrooms)

6 Unit East Chicago, Indiana
Purchase Price: $320,000
NOI: $29,618
Entry Cap: 9.26%
(3 -3 Bedrooms, 2 - 1 Bedrooms, 1 - 2 Bedroom)

If you want more information regarding these off-market properties feel free to reach out to me.

27 Units Mount Prospect, Illinois
Purchase Price: $2,994,000
NOI: $ 187,568
Entry Cap: 6.3%
3 - 9 Unit Buildings (6 studios, 18 - 1 Bedrooms, 3 - 2bedrooms)

28 Units Oak Lawn, Illinois
Purchase Price: $2,900,000
NOI: $208,537
Entry Cap: 7.2%
(24 - 1 Bedroom, 4 - 2 Bedrooms)

30 Units Berwyn, Illinois
Purchase Price: $3,050,000
NOI: $157,318
Entry Cap: 5.2%
(28 Studios, 2 - 1 Bedrooms)

16 Units Crest Hill, Illinois
Purchase Price: $2,200,000
NOI: $134,000
Entry Cap: 6.1%
3 Building Portfolio (2 - 6 Units, 1 - 4 Unit)

12 Unit Blue Island, Illinois
Purchase Price: $900,000
NOI: $63,370
Entry Cap: 6.9%
(10 - 2 Bedroom, 2 - 1 Bedrooms)

6 Unit East Chicago, Indiana
Purchase Price: $320,000
NOI: $29,618
Entry Cap: 9.26%
(3 -3 Bedrooms, 2 - 1 Bedrooms, 1 - 2 Bedroom)

If you want more information regarding these off-market properties feel free to reach out to me.