TABLE OF CONTENTS

CONFIDENTIALITY AND DISCLAIMER 3

EXECUTIVE SUMMARY 4

INVESTMENT OVERVIEW 5

OPPORTUNITY ZONES 6

CURRENT RENT ROLL 7

FINANCIAL SUMMARY 8

WOODLAWN NEIGHBORHOOD 9

LOCAL AND AERIAL MAPS 10

REAL ESTATE TAXES 11-12

ASSESSTMENT HISTORY 13-14

ZONING MAP 15

PROPERTY PHOTOS 15-17

CONTACT INFORMATION 18

3

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Offering Memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromDOBREVA COMMERCIAL, INC. It should not be distributed to any other party without thewritten consent of DOBREVA COMMERCIAL, INC. This Offering Memorandum wasprepared to provide summary information which has not been verified and it should beused only to establish a preliminary level of interest in the subject property. The informationcontained herein is NOT a substitute for a thorough due diligence investigation. TheOffering Memorandum is subject to errors, omissions, prior sale, withdrawal, change and/ormodification without notice. DOBREVA COMMERCIAL, INC. has not made anyinvestigations, and makes no warranty or representation, with respect to the financialinformation for the subject property, the future financial performance of the subject property,the size and square footage of the property and the improvements, the presence or absenceof any contaminating substances, PCBs, asbestos, the compliance with Local, State andFederal regulations, the physical condition of the improvements thereon, or the financialcondition or business prospects of any tenant, or any tenant’s plans or intentions to continueits occupancy of the subject property. All estimates of market rents and/or projected rentsand pro-forma expenses that may be provided to a party do not necessarily mean that rentscan be established at or increased to that level or that the property can be operated at thatexpense level. Potential Buyers must evaluate any applicable contractual and governmentallimitations as well as market conditions, vacancy factors and other issues in order todetermine rents and expenses from or for the property.The information contained in this Offering Memorandum has been obtained from sourceswe believe to be reliable; however, DOBREVA COMMERCIAL, INC. has not verified, andwill not verify, any of the information contained herein, nor has DOBREVA COMMERCIAL,INC. conducted any investigations regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the informationprovided. ALL POTENTIAL BUYERS MUST TAKE APPROPRIATE MEASURES TO VERIFYALL OF THE INFORMATION SET FORTH HEREIN. POTENTIAL BUYERS ASSUME ALLRISK OF ANY INACCURACIES OR INCONSISTENCIES. Legal questions should bediscussed with an attorney. Tax questions should be discussed with a certified publicaccountant or tax attorney. Title questions should be discussed with a title officer or attorney.Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed with appropriate engineers,architects, contractors, other consultants and governmental agencies.By accepting delivery of the Offering Memorandum, the recipient agrees that neither he/shenor any of his/her employees shall use the information for any purpose rather thanevaluating the specific transaction described herein, or divulge such information to any otherparty, and shall return the Offering Memorandum to DOBREVA COMMERCIAL, INC. uponrequest. This Offering Memorandum, in whole or in part, may not be photocopied,reproduced, or distributed to others without the prior written consent of DOBREVACOMMERCIAL, INC.

4

EXECUTIVE SUMMARY

Asking Price: $429,000

Property Address: 6630-34 S Vernon AveChicago, IL 60637

Neighborhood: Woodlawn

Property Type: Multifamily

Building Size (SF): 7,040

Land Area (SF): 6,929

Price/SF: $60.94

Gross Income: $77,280

NOI: $47,597

Cap Rate: 11.09%

Year Built: 1943

Tax PINs: 20-22-224-025 20-22-224-026

2017 RE Taxes: $5,651.49

Occupancy: 75%

Parking spaces: 8-10

Zoning: RT-4

Basement: None

Ward: 20th

Alderman: Willie Cochran

TIF District: T-171

5

INVESTMENT OVERVIEW

DOBREVA COMMERCIAL, INC. is proud to present an excellent opportunity for an investor to

acquire a value-add, 8-unit, multifamily building in a fast-developing Woodlawn neighborhoodof Chicago, IL.

The property comprises of six two-bedroom apartments, one one-bedroom apartment, and astudio apartment. The improvements are situated on a 6,929 square foot site. The building size isapproximately 7,040 square feet.

Apartments feature open floor plan, vinyl floors, white appliances, tile in bathrooms, good sizebedrooms. Three of the units have a den. Plumbing and electrical was redone in 2014. There aremany updates throughout the property. Each unit is separately metered for gas and electric.Tenants pay for utilities. The property includes a parking lot in the rear for 8-10 vehicles.

The building is conveniently located within three blocks of the Green Line King Drive train stopand near CTA’s 3, 5, 67 and 95 bus stops. The property is also within a short drive to theUniversity of Chicago, the development site of the Barack Obama Presidential Center, and nearKennedy Expressway (I-90/94).

This offering represents a unique opportunity to acquire a well-maintained property in a strongrental market and fast-developing neighborhood. A new owner can take advantage of the upsidein rents, strong cash flow (Gross Income: $77,280, NOI: $47,597), and achieve over 11.09% CapRate.

INVESTMENT HIGHLIGHTS

❖ Value-add, 8-unit, multifamily property❖ Strong cash flow❖ Gross Income: $77,280, NOI: $47,597; CAP Rate: 11.09%❖ Unit mix: (6) 2-bedroom, (1) 1-bedroom and (1) studio apartments.❖ Located in Opportunity Zone*❖ Offered at $429,000❖ Solid brick structure❖ TIF District: T-171❖ Zoning: RT-4❖ Parking lot in rear for 8-10 vehicles.❖ Apartments feature open floor plan, vinyl floors, white appliances, tile in bathrooms, good

size bedrooms, and den❖ Located within three blocks of the Green Line King Drive train stop and near CTA’s 3, 5, 67

and 95 bus stops; a short drive to the University of Chicago, the development site of theBarack Obama Presidential Center, and near Kennedy Expressway (I-90/94).

Notes: *By investing in Opportunity Zones, investors stand to gain a temporary deferral on theircapital gains taxes if they hold their investments for at least 5 years, and a permanent exclusion from a taxon capital gains from the Opportunity Zones investments if the investments are held for 10 years.

6

OPPORTUNITY ZONES

Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investmentin distressed communities throughout the country through tax benefits. Opportunity Zones retaintheir designation for 10 years. Investors may defer tax on almost any capital gain up to Dec. 31, 2026by making an appropriate investment in a zone, making an election after December 21, 2017, andmeeting other requirements.

The proposed regulations clarify that almost all capital gains qualify for deferral. In the case of acapital gain experienced by a partnership, the rules allow either a partnership or its partners to electdeferral. Similar rules apply to other pass-through entities, such as S corporations and theirshareholders, and estates and trusts and their beneficiaries.

Generally, to qualify for deferral, the amount of a capital gain to be deferred must be invested in aQualified Opportunity Fund (QOF), which must be an entity treated as a partnership or corporationfor Federal tax purposes and organized in any of the 50 states, D.C. or five U.S. territories for thepurpose of investing in qualified opportunity zone property.

The QOF must hold at least 90 percent of its assets in qualified Opportunity Zone property(investment standard). Investors who hold their QOF investment for at least 10 years may qualify toincrease their basis to the fair market value of the investment on the date it is sold.

The proposed regulations also provide that if at least 70 percent of the tangible business propertyowned or leased by a trade or business is qualified opportunity zone business property, therequirement that “substantially all” of such tangible business property is qualified opportunity zonebusiness property can be satisfied if other requirements are met. If the tangible property is abuilding, the proposed regulations provide that “substantial improvement” is measured based onlyon the basis of the building (not of the underlying land).

For more info go to: www.irs.gov

7

CURRENT RENT ROLL

Lease Actual Actual

Tenant Type End Date Monthly Rent Annual Rent

6630 S Vernon Ave BS Studio 5/31/2020 $550.00 $6,600

6630 S Vernon Ave BN 1 BR 4/30/2019 $740.00 $8,880

6630 S Vernon Ave 1S 2 BR 7/31/2020 $800.00 $9,600

6630 S Vernon Ave 1N 2 BR New Tenant $825.00 $9,900

6630 S Vernon Ave 2S 2 BR New Tenant $825.00 $9,900

6630 S Vernon Ave 2N 2 BR 11/30/2019 $1,100.00 $13,200

6630 S Vernon Ave 3S 2 BR 12/31/2019 $800.00 $9,600

6630 S Vernon Ave 3N 2 BR 9/30/2018 $800.00 $9,600

Total/Wtd Avg $6,440 $77,280

8

FINANCIAL SUMMARY

6630-34 S Vernon Ave , Chicago, IL 60637

$429,000 $60.94 per SF 11.09% CAP Rate

General Property Information

Subject Property Address Type Multifamily

Land Area (SF) Year Built 1943

Building Size (SF) Number of Units 8

Operating Statement Pro-forma (2019)

Revenue Rates Amount psf

Potential Gross Income 77,280 10.98

Vacancy 10% (7,728) (1.10)

Effective Gross Income (EGI) 69,552 9.88

Expenses

Property Taxes Yr 2017 5,651 0.80

Insurance 2,445 0.35

Management Fee 6% 4,299 0.61

Gas 883 0.13

Janitorial 1,357 0.19

Snow removal 415 0.06

Scavenger 1,695 0.24

Water/Sewer 2,829 0.40

Maintenance and Repairs 2,380 0.34

Total Expenses 31.57% $21,955 3.12

NOI 68.43% $47,597 6.76

11.09% $429,000 60.94

6630-34 S Vernon Ave , Chicago, IL 60637

6,929 SF

7,040 SF

9

WOODLAWN NEIGHBORHOOD

Woodlawn, on the South Side of Chicago, Illinois, is one of Chicago's 77 community areas. It isbounded by Lake Michigan to the east, 60th Street to the north, Martin Luther King Drive to thewest, and 67th Street to the south. Both Hyde Park Career Academy and the all-boys CatholicMount Carmel High School are in this neighborhood; much of its eastern portion is occupied byJackson Park. The Woodlawn section of the park includes the site of the planned ObamaPresidential Library, an estimated $500 Million Investment. It is expected to attract 800,000visitors a year, is scheduled to go up in adjacent Jackson Park by 2021. And, pending publicsupport, Tiger Woods will revamp and merge the South Shore and Jackson Park golf courses in a$30 million project to create an 18-hole championship green. The northern edge of Woodlawncontains a portion of the campus of the University of Chicago.

Jackson Park is a 500-acre park on Lake Michigan in the neighborhoods of Woodlawn, HydePark, and bordering South Shore. Attractions inside Jackson Park include Osaka Garden, theJackson Park Golf Course, Jackson Park Harbor, Wooded Isle, the gilded Daniel Chester Frenchstatue Republic (a replica of a much larger statue built for the Columbian Exposition), severallagoons, and the 63rd Street Beach with its magnificent beach house.

The area between 59th and 60th Streets is known as the Midway Plaisance, incorporatingMidway Plaisance North (south of 59th Street) and Midway Plaisance South, north of 60th Street.Now dominated by a green space of low valleys, the Plaisance is widely known as the site of the1893 Chicago World's Fair, in which the green space was to be designated as the Fair location (butwas never utilized). The Plaisance is now a well-maintained walking and bike ridingthoroughfare amidst the University's campuses. Between 60th and 61st Streets (with Stony IslandAvenue to the east and Cottage Grove Avenue to the west) are several of the University's SouthCampus buildings including: University of Chicago Press, the law quadrangle and law library,the School of Social Service Administration, the Harris School of Public Policy Studies, theNational Opinion Research Center, the Center for Research Libraries, Chapin Hall, andGranville-Grossman Residential Commons. Some of the University's faculty and several hundredof its graduate and undergraduate students live south of 60th Street in University-owned realestate and dormitories, as well as in privately owned residences.

6630-34 S Vernon Ave, Chicago, IL 60637 is conveniently located within three blocks of the GreenLine King Drive train stop and near CTA’s 3, 5, 67 and 95 bus stops. The property is also within ashort drive to the University of Chicago, and the development site of the Barack ObamaPresidential Center. The property is near Kennedy Expressway (I-90/94) and is an easy commuteto downtown Chicago.

10

LOCAL AND AERIAL MAPS

11

REAL ESTATE TAXES

12

REAL ESTATE TAXES

13

ASSESSMENT HISTORY

14

ASSESSMENT HISTORY

15

ZONING MAP

16

PROPERTY PHOTOS

17

PROPERTY PHOTOS

Anna DobrevaManaging Broker, PrincipalDobreva Commercial, Inc. 6252 N Lincoln Ave, Unit 2Chicago, IL 60659Cell: (312) 388-1818Fax: (312) 261-9920anna@dobrevacres.comwww.DobrevaCres.com

CONTACT INFORMATION

VALUE. INTEGRITY. EXPERIENCE.

➢ 14+ Years of Experience in Commercial Real Estate.

➢ Sold Over 700 Properties in Chicagoland Area.

➢ Excellent Service, Team Work and Impeccable Core Values.

➢ Bringing Value, Integrity, and Experience to Every Transaction.

➢ Chicago Association of Realtors Top Producer.

➢ Member of Urban Land Institute, CREW Chicago,

CCIM IL Chapter, ICSC, REIA, CAR & NAR.