JOHN LETOURNEAUCommercial Director0: 630.745.1033C: 630.745.1033john@theintegrity.groupIL #471.006411

WOODRIDGE, IL

PRESENTED BY:

OFFERING MEMORANDUM

Rare DuPage County 6 Unit Building

OFFERING MEMORANDUM

KW COMMERCIAL

608 S. Washington Street, Ste. 100

Naperville, IL 60540

Each Office Independently Owned and Operated kwcommercial.com 2

OFFERING MEMORANDUM

Confidentiality & DisclaimerWOODRIDGE, IL

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byNaperville in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL

608 S. Washington Street, Ste. 100

Naperville, IL 60540

PRESENTED BY:

JOHN LETOURNEAUCommercial Director0: 630.745.1033C: 630.745.1033john@theintegrity.groupIL #471.006411

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.

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PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION7723 WOODWARD

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 4

OFFERING SUMMARY

SALE PRICE: $699,000

NUMBER OF UNITS: 6

CAP RATE: 8.31%

NOI: $58,061

LOT SIZE: 3,584 SF

YEAR BUILT: 1978

BUILDING SIZE: 6,469

RENOVATED: 2015

PRICE / SF: $108.05

PROPERTY OVERVIEWAn incredibly rare and amazingly updated 6 unit, DuPage County apartment building that makes financial sense has finally hitthe market. This building was extensively rebuilt in 2014 with a wet sprinkler system, new mechanicals, roof, and interiorfinishes. 4 of the 6 units have had additional upgrades since then, with recessed lighting, upgraded counters, and flooring.Ownership has also invested in security cameras and new code-compliant exterior porches.

This presents an opportunity to maintain existing rental rates and take advantage of a long-term investment with minimal capitalinvestment requirement for the foreseeable future. There is a common association that also covers landscape, snow removal,and trash, makes this an easy to manage investment in an unparalleled location.

Per written instructions of the seller, all showings will take place on Saturday, July 25th, 2020 from 12:00 PM to 3:00 PM. 2representative units and the common areas will be shown initially, and the remaining units will be shown after an agreed Letterof Intent. In order to tour the property, all buyers MUST have an appointment. No more than 3 people may tour at one time, andall people entering the property must wear face masks and take appropriate social distancing measures. Please contact listingagent to arrange a showing appointment.

PROPERTY HIGHLIGHTS• A True 8.3% Cap Rate

• Exceptional DuPage County Location

• Extensively Rebuilt in 2014 With Full Sprinkler System, New Roof, & So Much More

Executive Summary

7723 WOODWARD 1 | PROPERTY INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 5

PROPERTY OVERVIEWAn incredibly rare and amazingly updated 6 unit, DuPage County apartment building that makes financial sensehas finally hit the market. This building was extensively rebuilt in 2014 with a wet sprinkler system, newmechanicals, roof, and interior finishes. 4 of the 6 units have had additional upgrades since then, with recessedlighting, upgraded counters, and flooring. Ownership has also invested in security cameras and newcode-compliant exterior porches.

This presents an opportunity to maintain existing rental rates and take advantage of a long-term investmentwith minimal capital investment requirement for the foreseeable future. There is a common association that alsocovers landscape, snow removal, and trash, makes this an easy to manage investment in an unparalleledlocation.

Per written instructions of the seller, all showings will take place on Saturday, July 25th, 2020 from 12:00 PM to3:00 PM. 2 representative units and the common areas will be shown initially, and the remaining units will beshown after an agreed Letter of Intent. In order to tour the property, all buyers MUST have an appointment. Nomore than 3 people may tour at one time, and all people entering the property must wear face masks and takeappropriate social distancing measures. Please contact listing agent to arrange a showing appointment.

LOCATION OVERVIEWExcellent location, just minutes from I-355, I-55, and I-88, and backing to a quiet golf course for panoramicnature views.

Property Description

7723 WOODWARD 1 | PROPERTY INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 6

SALE PRICE $699,000

LOCATION INFORMATIONStreet Address 7723 Woodward

City, State, Zip Woodridge, IL 60517

County/Township DuPage

Cross Streets 75th and Woodward

BUILDING INFORMATIONBuilding Size 6,469 SF

Occupancy % 100.0

Year Built 1978

Last Renovated 2015

Load Factor Yes

PROPERTY DETAILSProperty Type Rare DuPage County 6 Unit

Property Subtype High-Rise

Lot Size 3,584 SF

APN# 0930301011

Property Details

7723 WOODWARD 1 | PROPERTY INFORMATION

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Additional Photos

7723 WOODWARD 1 | PROPERTY INFORMATION

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LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION7723 WOODWARD

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 9

Regional Map

7723 WOODWARD 2 | LOCATION INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 10

Location Maps

7723 WOODWARD 2 | LOCATION INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 11

Aerial Map

7723 WOODWARD 2 | LOCATION INFORMATION

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FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

FINANCIAL SUMMARY

INCOME & EXPENSES

RENT ROLL

3FINANCIAL ANALYSIS7723 WOODWARD

OFFERING MEMORANDUM

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INVESTMENT OVERVIEW

Price $699,000

Price per Unit $116,500

GRM 8.1

CAP Rate 8.3%

Cash-on-Cash Return (yr 1) 10.87 %

Total Return (yr 1) $36,235

Debt Coverage Ratio 1.5

OPERATING DATA

Gross Scheduled Income $86,640

Other Income $2,742

Total Scheduled Income $89,382

Vacancy Cost $2,599

Gross Income $86,782

Operating Expenses $28,721

Net Operating Income $58,061

Pre-Tax Cash Flow $19,328

FINANCING DATA

Down Payment $177,750

Loan Amount $521,250

Debt Service $38,733

Debt Service Monthly $3,227

Principal Reduction (yr 1) $16,906

Financial Summary

7723 WOODWARD 3 | FINANCIAL ANALYSIS

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INCOME SUMMARY PER SF

Gross Income $86,782 $13.42

EXPENSE SUMMARY PER SF

Association $3,635 $0.56

Insurance $1,751 $0.27

Property Taxes $8,062 $1.25

Common Utilities $6,063 $0.94

Fire Alarm $750 $0.12

Repairs $2,169 $0.34

Contract Services $4,441 $0.69

Maintenance $1,850 $0.29

Gross Expenses $28,721 $4.44

Net Operating Income $58,061 $8.98

Income & Expenses

7723 WOODWARD 3 | FINANCIAL ANALYSIS

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UNIT

NUMBER

UNIT

BED

UNIT

BATH

CURRENT

RENT

1 2 1 $1,300

2 2 1 $1,200

3 2 1 $1,250

4 2 1 $1,250

5 2 1 $1,225

6 1 1 $995

Totals/Averages $7,220

Rent Roll

7723 WOODWARD 3 | FINANCIAL ANALYSIS

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DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS7723 WOODWARD

OFFERING MEMORANDUM

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POPULATION 1 MILE 3 MILES 5 MILES

Total Population 13,230 101,806 236,771

Median Age 38.3 38.9 38.6

Median Age (Male) 37.7 38.1 37.2

Median Age (Female) 38.4 39.7 39.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 5,059 38,289 90,612

# Of Persons Per HH 2.6 2.7 2.6

Average HH Income $80,943 $92,083 $94,358

Average House Value $364,984 $345,632 $358,409

* Demographic data derived from 2010 US Census

Demographics Map

7723 WOODWARD 4 | DEMOGRAPHICS