Inland Real Estate retained to offer 85 homes in south suburbs

OAK BROOK - Inland Real Estate Brokerage & Consulting has been selected by the Chicago Metropolitan Housing Development Corp. to market and sell a portfolio of 85 homes in south suburban Chicago.

The portfolio consists of single-family homes, townhouses and condominiums all located within a five-mile radius of eight suburban communities. The portfolio provides a mix of Section 8 voucher and market rate tenants and boasts an overall current occupancy of 92 percent.

"Many capital improvements have been made to the properties since CMHDC has owned the assets, and the tenants pay their own utilities," said Paul Rogers, president of Inland Brokerage & Consulting. "This unique investment offering provides a variety of options, such as a cash-flowing, diverse-income source for an investor seeking long-term, stabilized income and appreciation, a 1031 tax-deferred exchange or a potential spinoff."

Interested buyers can acquire the 85-home portfolio in bulk for an asking price of $3.4 million ($40,000 per home), or groups of five or more can be purchased. All offers submitted will be evaluated at the discretion of ownership.