16 Old Town neighborhood condos spread across numerous different properties in newer modern buildings in excellent condition to be sold in bulk.
Projected Bulk Value 17 Years from Now Over $10,000,000
Projected Value of Comparable Units Today Approximately $6,000,000
Suggested Opening Bid $1,000,000
You are essentially purchasing 16 condos that have market values today of up to $450,000 each for approximately $65,000 each at the suggested opening bid. This is a great inflation hedge that should accomplish the goal of asset preservation while giving the owner a strong opportunity for oversized returns. A clever diversification for your portfolio. Think of this as you might an annuity or a zero-coupon bond, and discuss with your accountant or financial planner the estate planning and wealth transfer implications that could benefit a purchaser.
Approximately 17 years remaining on a government guaranteed master lease that eliminates all property taxes, all assessments are paid, and units are well maintained and updated thru the course of the lease. The ownership of these 16 units derives NO distributable income above and beyond expenses until the lease on each unit expires.
If you have a long-term strategy, are bullish on Chicago's future, are a family office, a college endowment, or a savvy investor who knows a tremendous opportunity when they see it, please contact us for more details.
Auction Deadline: May 13, 2021
"UNDER CONTRACT"
Chateau Bu-Sche, at the intersection of 115th & Cicero and adjacent to Chicago, 11535 S. Cicero Avenue, Alsip, IL.
This 26,000 sq. ft. multi-use facility sits atop an ornately landscaped 11.5-acre parcel with 325 on-site parking spots. The elegant event venue which hosted hundreds of thousands of guests over the past 45 years was recently closed due to the ownership retiring. Potential uses include car dealership, event space, restaurant, senior housing, various medical uses, office, hotel, educational uses, and much more.
Previously Valued to $12,500,000
To Be Sold Subject to a Minimum Bid of $2,000,000 plus a 7.5% Buyer's Premium
On-site Inspections noon to 2pm on October 18 & 26, 2022 and by appointment.
In conjunction with JBS Advisors.
Auction Deadline: November 1, 2022
Real Estate Auction September 20, 2022
1002 W. Washington Ave., Polk City, Iowa
One-story 19,803 sq. ft. commercial building on 3.41 acres. Built in 1976, this currently closing nursing and rehab facility is zone R-1 (single-family detached residential). Potential uses include various medical uses, training, senior housing, office, apartments, educational uses, and much more.
Previously Valued Well Above $2,000,000
Suggested Opening Bid $350,000
On-site Inspections noon to 2pm on August 31, September 9 and 15, and by appointment.
In conjunction with Hallberg Auction and Real Estate.
Auction Deadline: September 20, 2022
