Indian Creek Showings

CALL FOR OFFERS: Thursday Sept 28th 12PM
24-Unit Multifamily | Aurora, IL
eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028.
Listing Agent: Randolph Taylor, Senior Associate
630.474.6441 | rtaylor@creconsult.net
https://www.creconsult.net/indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/

Indian Creek Showings

Showings: Monday, Sept 25th 12 PM–2 PM
New Listing: 24-Unit Multifamily | Aurora, IL
eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028.
Listing Agent: Randolph Taylor, Senior Associate
630.474.6441 | rtaylor@creconsult.net
https://www.creconsult.net/indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/

1250 Douglas Call for Offers

Call For Offers | Fully Equipped Car Wash | Oswego, IL
Due: Friday, September 29th
Mason Square Car Wash is a fully equipped and operational 6-bay carwash in southwest suburban Chicago’s Oswego, IL. Ideally located on an out-lot of the Mason Square Shopping Center along heavily trafficked Route 34, averaging 45,000 vehicles per day,
Listing Agent: Randolph Taylor
630.474.6441 | rtaylor@creconsult.net
https://www.creconsult.net/fully-equipped-car-wash-oswego-il-route-34/

Indian Creek

New Listing: 24-Unit Multifamily | Aurora, IL
eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028.
Listing Agent: Randolph Taylor, Senior Associate
630.474.6441 | rtaylor@creconsult.net
https://www.creconsult.net/indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/

Indian Creek

New Listing: 24-Unit Multifamily | Aurora, IL
eXp Commercial is pleased to present to market Indian Creek Apartments, a fully occupied 24-unit multifamily complex on the northeast side of Aurora, Illinois, bordering affluent Naperville, Illinois, just to the east. The property is in good condition, with considerable upside in rents with modest unit updates. All units have separately metered tenant-paid water, sewer, electricity, heat, and hot water. Also offered is an attractive low-interest assumable debt of $1.453 million at a 3.32 percent interest rate not due until December 2028.
Listing Agent: Randolph Taylor, Senior Associate
630.474.6441 | rtaylor@creconsult.net
https://www.creconsult.net/indian-creek-apartments-1015-1025-n-farnsworth-ave-aurora-il-60505/

Home price declines may be over, S&P Case-Shiller says

Steep competition in the housing market and low supply are heating up home prices again.

Nationally, home prices in March were 0.7% higher than March 2022, S&P CoreLogic Case-Shiller Indices said Tuesday.

"The modest increases in home prices we saw a month ago accelerated in March 2023," said Craig J. Lazzara, managing director at S&P DJI, in a release. "Two months of increasing prices do not a definitive recovery make, but March's results suggest that the decline in home prices that began in June 2022 may have come to an end."

The 10-city composite, which includes the Los Angeles and New York metropolitan areas, dropped 0.8% year over year, compared with a 0.5% increase in the previous month. The 20-city composite, which includes Dallas-Fort Worth and the Detroit area, fell 1.1%, down from a 0.4% annual gain in the previous month.

Home prices are rising again month to month, however. After seasonal adjustment, prices increased nationally 0.4% in March compared with February. The 10-city composite gained 0.6% and 20-city composite rose 0.5%.

Lazzara also noted that the price acceleration nationally was also apparent at a more granular level. Before seasonal adjustment, prices rose in all 20 cities in March (versus in 12 in February), and in all 20 price gains accelerated between February and March.

Miami, Tampa, Florida, and Charlotte, North Carolina, saw the highest year-over-year gains among the 20 cities in March. Charlotte replaced Atlanta in third place. Compared with a year ago, 19 of 20 cities reported lower prices with only Chicago showing an increase at 0.4%.

"One of the most interesting aspects of our report continues to lie in its stark regional differences," added Lazzara. "The farther west we look, the weaker prices are, with Seattle (-12.4%) now leading San Francisco (-11.2%) at the bottom of the league table. It's unsurprising that the Southeast (+5.4%) remains the country's strongest region, while the West (-6.2%) remains the weakest."

Source: Home price declines may be over, S&P Case-Shiller says

https://www.creconsult.net/market-trends/home-price-declines-may-be-over-sp-case-shiller-says/

Rent prices feeling higher than ever? It’s nothing compared to last year

For prospective tenants, rent prices feel higher than ever before. But if you compare the numbers to this time last year? They’re reportedly lower, based on new data from Rentometer.

In fact, based on a recent rent report by Rentometer, Chicago rent prices for all three bedroom counts (one bedroom, two bedroom and three bedroom) have decreased since this period last year.

The average rent in Q1 2023 for a three-bedroom unit was $2,287, compared to $2,252 in Q1 2022 (-2% YOY) while the average rent in Q1 2023 for a two-bedroom unit was $1,849, compared to $1,829 in Q1 2022 (-2% YOY).

And the bedroom count that reflected the most change year over year? One-bedroom. Rentometer reported a -9% decrease, with the average rent for a unit of this type being $1,392 in Q1 2023, compared to $1,528 in Q1 2022.

Source: Rent prices feeling higher than ever? It’s nothing compared to last year

https://www.creconsult.net/market-trends/rent-prices-feeling-higher-than-ever-its-nothing-compared-to-last-year/