LAKE VIEW OFFERING

4,395 SQUARE FOOT 6-UNIT APARTMENT BUILDING

1914 W Henderson StCHICAGO, IL

PRICING AND FINANCIAL ANALYSIS

PROPERTY OVERVIEW:

1914 W Henderson St has 6 units with separate heat and electric, leaving the only responsibility for the owner being water

and common areas. Interior renovation includes all new HVAC, electric, plumbing, stainless steel appliances, and beautiful

granite counter tops. Exterior renovations include new windows, siding, porches and roof. This property has a fantastic

location and advantageous unit mix, three (3+1), two (2+1), and one (1+1). The property is only 2 blocks from the L train,

providing easy transportation to anywhere in the city.

One of the most sought-after areas of the city, the Chicago neighborhood of Lakeview is the most populated area in the

Midwest largely due to its great dining, shopping and nightlife. It is a very young neighborhood, with much of its

population under 30, as housing is slightly cheaper than neighborhoods nearer to the Loop. But its four mile proximity to

the Loop makes it a prime real estate destination.

It is also home to the Chicago Cubs' Wrigley Field, and a part of the neighborhood is named for it. The many bars and

restaurants are always full, especially during baseball season when they feed and entertain thousands of fans. The

Wrigleyville section of Lakeview is bounded by Halsted, Ashland, Roscoe and Byron. There are more than 600 retail stores

on the east side alone and Diversey, Clark, Halsted and Broadway boast strong commercial development.

Tucked on Chicago's North Side between North Center and Lakeview, the sleepy little pocket that is Roscoe Village is a

collection of laid-back taverns, destination brunch restaurants and cozy cafes that perk up during the warm-weather

months with pretty sidewalk patios and friendly beer gardens. Dining ranges from traditional comfort food to Turkish,

burgers to bakeries, Cuban to creamy custards — all serving up casual hospitality.

OFFERING SUMMARY:

OFFERING SUMMARY

Price $1,399,000

CAP 6.2%

GRM 11.0

Square Footage 4,395

Price/Unit $233,166.67

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS

3 + 1 3

2 + 1 2

1 + 1 1

ANNUALIZED OPERATING FINANCIALS PRO FORMA FINANCIALS *

Scheduled Gross Income$126,900 $141,660

Less Vacancy Reserve($3,807) 3% ** ($4,250) 3% **

Gross Operating Income$123,093 $137,410

Less Expenses($36,073) 28% ** ($36,073) 28% **

Net Operation Income$87,020 $101,337

Less Loan Payments($60,111) ($60,111)

Cash Flow$26,908 7.7% *** $41,225 11.8% ***

Plus Principal Reduction$18,141 $15,141

Total Return Before Taxes $45,050 12.9% *** $59,367 17.0% **** As Stabilized Pro Forma**As a Percentage of Scheduled Gross Income***As a Percentage of Down Payment

FINANCIAL OVERVIEW:

PROPERTY VISUALS:

PROPERTY VISUALS:

PROPERTY VISUALS:

PROPERTY VISUALS:

DEMOGRAPHIC REPORT:

Population 0.5-Mile 1-Mile

Income 0.5-Mile 3-Mile

POPULATION 1 MILE 3 MILES

2019 Total Population 56,673 532,979

2019 Total Households 26,592 244,169

Average HH Income $147,059 $102,318

Median Household Income $115,217 $74,069

AERIAL VIEW:

SALES COMPS:

1914 W Henderson St6 Units

4,395 SFFor Sale

$1,399,000$318.32

$233,166/Unit

SUBJECT OFFERING

721 W Buckingham Pl

4 Unit5,600 SF

Sold Feb 2019$2,125,000$379.46/SF

$531,250/Unit

2108 N Sheffield Ave

4 Unit3,125 SF

Sold Jan 2019$1,300,000$416.00/SF

$433,333/Unit

1914 N Milwaukee11 Unit

13,500 SFSold Dec 2018

$4,807,500$356.11/SF

$437,045/Unit

PRESENTED BY:WINDY CITY RE, LLC

Milan RubensteinManaging PartnerChicago, IL312-867-8744 x200818-445-3529

1914 W Henderson St, Chicago, IL

Will Oney-PageDirector of OperationsChicago, IL312-867-8744 x203312-613-3660