305 W Mazon Ave, Dwight, IL 60420

Portfolio Price: $3,098,000 | $77,450/Unit

1031 EXCHANGE OPPORTUNITY

Are you under a strict 45-day identification deadline and trading out of a high-maintenance asset? This stabilized, high-yield portfolio along the strategic I-55 corridor is an ideal vehicle for a 1031 Exchange or debt-replacement requirement. With the heaviest building envelope upgrades and over 62% of unit renovations already completed, this asset class presents a clean, institutional-ready profile for conventional commercial lenders, allowing you to secure your tax-deferred equity safely and efficiently within your strict closing window.

EXECUTIVE SUMMARY Rare opportunity to acquire a high-yield, 40-unit residential footprint along the strategic I-55 corridor. This portfolio consists of two stabilized assets with significant value-add upside remaining: a 24-unit complex in Pontiac and a 16-unit building in Dwight. With over 60% of units already remodeled and major infrastructure upgrades complete, this is a "turn-key" transition with a defined path to a 9% return.

PORTFOLIO FINANCIAL PERFORMANCE

• Total Annual Potential Gross: $445,620.00
• Combined Annual Laundry Income: $15,600.00
• Projected Stabilized NOI: $276,284.40
• Portfolio Stabilized Cap Rate: 8.92%

PORTFOLIO HIGHLIGHTS

• Majority Renovated: 25 out of 40 total units (62.5%) have been fully remodeled with modern finishes, new cabinets, and vinyl plank flooring.
• Building Envelope Upgrades: Extensive infrastructure work completed at the Pontiac location, including new windows, new vinyl siding, and high-efficiency blown-in cellulose insulation.
• Major Maintenance Handled: Roofs were replaced in 2016 and all bathroom exhaust fans in the 24-unit complex have been rerouted to exterior soffits to ensure long-term structural health.
• Heavy Lifting Done in Dwight: Over $66,000 was invested in 2025 specifically for unit remodeling, leaving only 5 units left to reach full building stabilization.
• Institutional Quality Upgrades: Features new exterior carpenter-built stairs (2023) and updated coin-operated laundry facilities (2022).

THE VALUE-ADD PLAY This portfolio allows an investor to step into a professional operation with the "dirty work" already finished. By completing the remaining 15 unit renovations (10 in Pontiac and 5 in Dwight), the new owner can capture an immediate rent premium and push the portfolio to its full $445k+ annual potential.