2442 Burbank Street

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2442 Burbank Street

Joliet, IL 60435
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The portfolio consists of three individual residential properties for sale.
  • These assets are located within the growing Joliet suburban market.
  • All properties currently maintain a total occupancy rate of 100 percent.
  • This offering functions as an established single family rental portfolio.
  • Joliet provides strong access to the broader Chicago metropolitan region.

What's Special

This multifamily single family rental portfolio is currently for sale, presenting an entry for investors seeking established income streams. Situated in the growing suburban market of Joliet, Illinois, the portfolio encompasses three separate properties. With a stable operating history, the assets are maintained at full occupancy, making this an immediate cash-flowing acquisition for a portfolio expansion or a starting point for residential real estate holdings. Joliet serves as a key logistical and residential hub within the Chicago metropolitan area, benefiting from robust regional connectivity and consistent demand for suburban housing. The properties are positioned to serve local tenants who prioritize proximity to regional employment centers and the infrastructure inherent to this expanding corridor. These assets are suited for buyers targeting residential stability in a market characterized by consistent long-term growth and high demand for rental inventory.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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