16 Home Single-Family Rental Chicago Bulk Portfolio
18 Home Single-Family Rental Chicago Bulk Portfolio
Marketing description
Presenting an 16-home single-family rental portfolio located in the Southern Chicago suburban market. The portfolio features a median composition of 4 bedrooms and 1 bathroom, a median square footage of 1,260 SF, and a median year built of 1960. Currently stabilized at 83.35% occupancy, the assets produce a median rent of $1,565, generating approximately $28,500 in monthly revenue and $342,000 in annual revenue. Offered at a $2,800,000 asking price, the portfolio is projected to deliver a 7.21% cap rate, providing investors with immediate in-place cash flow and operational scale.
Situated within the Chicago Metropolitan Statistical Area, home to approximately 9.5 million residents, the portfolio benefits from a diversified employment base anchored by major employers including JPMorgan Chase, United Airlines, Boeing, McDonald’s, and Walgreens, as well as a robust healthcare and education sector led by Northwestern Medicine, Advocate Health, and the University of Chicago Medicine. Market fundamentals remain supportive, with metro-wide rent growth of ~2.0% YoY and a balanced housing market characterized by 35–40 days on market and steady liquidity.
The portfolio’s concentration in suburban submarkets—combined with five Section 8 units, workforce-oriented home sizes, and below-replacement cost basis—positions investors to capture durable income stability and long-term appreciation within one of the nation’s largest and most resilient MSAs.
All interested operators must schedule a discovery call with the PLACE Institutional deal team prior to receiving the full home tape, subject to NDA execution.
📅 Schedule a discovery call with Deal Lead Rick Venetico:
https://calendly.com/rick-venetico-place/30min
Investment highlights
Investment Highlights
Total Units: 18 Single-Family Rental Homes
Occupancy: 83.35% stabilized
Composition: Median 4 Bed / 1 Bath homes
Median Year Built: 1960
Median Living Area: 1,260 Sq. Ft.
Median Rent: $1,565
Annual Revenue: $342,408
Asking Price: $2,800,000
Cap Rate: 7.21%
Market Scale & Stability: Chicago MSA population ~9.5M (2024); one of the nation’s largest and most diversified metropolitan economies with balanced housing liquidity (35–40 days on market)
Rent & Housing Fundamentals: Metro Chicago average asking rents ~$1,900 with ~2.0% YoY growth; renter demand supported by workforce households, suburban migration, and transit-oriented employment centers
Employment Base: Anchored by Fortune 500 and institutional employers including JPMorgan Chase, United Airlines, Boeing, McDonald’s, Walgreens, and major healthcare systems such as Northwestern Medicine, Advocate Health, and University of Chicago Medicine
Defensive Cash Flow Profile: Workforce-oriented home sizes, suburban submarket concentration, and five Section 8 units provide income durability and downside protection across market cycles
All interested operators must schedule a discovery call with the PLACE Institutional deal team prior to receiving the full home tape, subject to NDA execution.
📅 Schedule a call: https://calendly.com/rick-venetico-place/30min
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
