4521 S Honore St

• 7-unit multifamily investment opportunity in Chicago’s Back of the Yards neighborhood
• 100% occupied with current annual in-place rent of approximately $115,380
• Mark-to-market opportunity with projected rents exceeding current rents by approximately $4,920 annually
• Unit mix includes six 2BR/1BA units and one 2BR/2BA coach house
• Located in Back of the Yards, a historic South Side Chicago neighborhood known for its strong community identity, workforce housing demand, and proximity to major transportation and employment corridors
• Benefited by access to Ashland Avenue, 47th Street, and regional connectivity to Downtown Chicago and the broader metro area
• Positioned in an affordable infill rental market that continues to attract residents seeking value relative to higher-cost Chicago neighborhoods
• Projected Year 1 NOI of $84,449 with upside to approximately $92,984 at stabilization
• Projected investor returns include 11.07% Year 1 cash-on-cash and 17.74% levered IRR