16 Old Town Neighborhood Condos, Chicago, IL


16 Old Town Neighborhood Condos, Chicago, IL

16 Old Town Neighborhood Condos, Chicago, IL

Lot Number: 1

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

 

 

Start Time: 05/13/2021 3:00:00 PM
End Time: 05/13/2021 3:00:00 PM
Time Remaining:

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

 

 

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

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