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Multifamily

Pontiac & Bloomington Portfolio

101 E Pinckney St, Pontiac, IL 61764

Listing Price: $1,765,000

Cap Rate
6.76%
Number of Units
29
Price/Unit
$60,862

Investment Overview

Marcus and Millichap are excited to present a special single family home real estate opportunity in Pontiac, Illinois. This portfolio is located 100 miles southwest of Chicago, 40 miles northeast of Bloomington, and 70 miles east of Peoria Illinois. The unit mix for this portfolio consists of eight two-bedroom, 9 three-bedroom, and one four-bedroom units, that average 955, 1,326, and 1,603 square feet respectively. Pontiac is located between Chicago and Bloomington Normal just off Interstate 55. This is one of the major north-south highways that runs through Illinois which connects Chicago to St. Louis. Pontiac has an average household income of $48,435 and has a projected 20.61% future job growth. Given Pontiac’s location between major cities and interstate this area experiences interactions with those from all over that provide opportunities.

Investment Highlights

  • Located just north of Bloomington-Normal, a major city in central Illinois.
  • I-55 provides a direct link between St. Louis and Chicago which runs through Pontiac.
  • Triangulated between Peoria, Springfield, and Champaign all within 1 hour of each of these cities.
  • Pontiac has a median household income of $48,435

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

Multifamily

Pontiac & Bloomington Portfolio

Listing Price: $1,765,000

Cap Rate
6.76%
Number of Units
29
Price/Unit
$60,862

Investment Highlights

  • Located just north of Bloomington-Normal, a major city in central Illinois.
  • I-55 provides a direct link between St. Louis and Chicago which runs through Pontiac.
  • Triangulated between Peoria, Springfield, and Champaign all within 1 hour of each of these cities.
  • Pontiac has a median household income of $48,435

Investment Overview

Marcus and Millichap are excited to present a special single family home real estate opportunity in Pontiac, Illinois. This portfolio is located 100 miles southwest of Chicago, 40 miles northeast of Bloomington, and 70 miles east of Peoria Illinois. The unit mix for this portfolio consists of eight two-bedroom, 9 three-bedroom, and one four-bedroom units, that average 955, 1,326, and 1,603 square feet respectively. Pontiac is located between Chicago and Bloomington Normal just off Interstate 55. This is one of the major north-south highways that runs through Illinois which connects Chicago to St. Louis. Pontiac has an average household income of $48,435 and has a projected 20.61% future job growth. Given Pontiac’s location between major cities and interstate this area experiences interactions with those from all over that provide opportunities.

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

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