Schaumburg Terrace

Located in Schaumburg, IL, this area offers easy access to city amenities and a wide range of attractions. Nearby, investors and residents can enjoy the renowned Woodfield Mall, The Streets of Woodfield, and numerous dining and entertainment options. Additionally, the location boasts convenient access to major highways and public transportation, making it an ideal choice for multifamily investment. With a strong local economy and a thriving rental market, this area presents a compelling opportunity for investors seeking prime real estate in the Chicago metropolitan area.This offering consists of an 18-unit rental portfolio within the Schaumburg Terrace community in Schaumburg, IL. The portfolio includes three separate 6-unit groupings, each located within an 18-unit condominium building. All units are leased, and the portfolio is being offered as a package. The condominium association handles all exterior maintenance and common areas, including roofs, windows, doors, parking, snow removal, and landscaping. Heat (boiler-fed baseboard) and water are also included in the assessment, leaving ownership responsible only for unit interiors, with tenants paying electric. This structure minimizes day-to-day management and capital exposure compared to traditional small multifamily assets. The unit mix includes twelve two-bedroom/one-bath units and six one-bedroom/one-bath units. All units feature an in-unit washer and dryer, dishwasher, and air conditioning. Five units have been fully renovated, with thirteen remaining that offer a clear, repeatable value-add opportunity. Renovated units include updated kitchens with new cabinetry, backsplash, sink, and faucet, along with stainless steel appliances (refrigerator, dishwasher, microwave), fully remodeled bathrooms, new flooring, and fresh paint throughout.