Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 726 W. Roy Drive (the “Property”), a six-unit multifamily asset located in Villa Park, Illinois, within DuPage County and the Chicago MSA. The Property consists of approximately 4,950 square feet and features an attractive unit mix of five (5) two-bedroom/one-bathroom units and one (1) one-bedroom/one-bathroom unit, with two-bedroom apartments comprising 83.3% of the unit mix.

Originally constructed in 1963, the masonry building has benefited from several meaningful recent capital improvements, including a complete tear-off roof and repaved 12-space parking lot in 2023, along with replaced windows, a new 75-gallon water tank, secured entrances, and landlord-owned common laundry. Four of the six units have also been updated with hardwood flooring, Formica countertops, new kitchen cabinets, and updated bathroom vanities, providing an investor with a well-maintained asset while limiting the need for significant near-term capital expenditures.

The Property presents a compelling opportunity to increase rental income in its current as-is condition. Current rents total $8,635 per month, or $103,620 annually, compared with projected market rents of $9,750 per month, or $117,000 annually, representing approximately $13,380 of additional annual rental income. All six units are currently month-to-month, providing a new owner with flexibility to move rents toward market levels. The largest opportunity exists within the Property’s five two-bedroom units, which currently average $1,427 per month compared with Greenstone’s projected market rent of $1,650 per month.

Located in Villa Park, the Property benefits from its position within the established western suburbs of the Chicago metropolitan area, with convenient access to surrounding employment, retail, transportation, and community amenities. The Property is approximately 1.7 miles from the St. Charles/Villa transit connection and 2.9 miles from Elmhurst, while the surrounding area includes neighborhood parks, schools, shopping centers, and national retailers. Within a five-mile radius, the Property is surrounded by approximately 287,749 residents and 110,715 households, with an average household income of approximately $107,375.

At the $975,000 asking price, the Property is offered at approximately $162,500 per unit and $197 per square foot, representing a 6.62% current capitalization rate and a projected 7.85% stabilized capitalization rate based on the underwriting contained in the offering memorandum.