LITTLE VILLAGE AUTO REPAIR W/ INCOME $540,000

LITTLE VILLAGE AUTO REPAIR W/ INCOME $540,000 2551 S SPAULDING CHICAGO, IL 60623 SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE PROPOSAL

PROPERTY INFORMATION 3 Property Summary Property Description Exterior Photos Shop Photos LOCATION INFORMATION 8 Location Maps Retailer Map FINANCIAL ANALYSIS 11 Financial Summary Income & Expenses DEMOGRAPHICS 14 Demographics Map ADVISOR BIOS 16 Resume_Map_File_032918.pdf Labriola Bio Cawthon Bio Back Page LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING, CHICAGO, IL 60623 SALE PROPOSAL

1 PROPERTY INFORMATION 2551 S Spaulding Chicago, IL 60623 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 3

Property Summary OFFERING SUMMARY Sale Price: $540,000 Cap Rate: 6.71% NOI: $36,233 Lot Size: 6,000 SF Year Built: 1916 Building Size: 7,771 SF Zoning: B3-2 PROPERTY OVERVIEW Great value in this income generating mixed-use building. An auto repair shop occupies the frontage and a 2-unit apartment building in the rear of the property. Long time tenants on month-to-month leases, allowing for an owner user to take over the automobile repair portion of the property. Approximately 7,800 SF of total building in the heart of Little Village. One of the rear units is duplexed, allowing for a potential increase in rent. PROPERTY HIGHLIGHTS MTM Lease - Perfect for Owner/User Value-Add Residential Component Market: Submarket: Chicago Little Village Heart of Little Village Price / SF: $69.49 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 4

Property Description PROPERTY OVERVIEW Great value in this income generating mixed-use building. An auto repair shop occupies the frontage and a 2-unit apartment building in the rear of the property. Long time tenants on month-to-month leases, allowing for an owner user to take over the automobile repair portion of the property. Approximately 7,800 SF of total building in the heart of Little Village. One of the rear units is duplexed, allowing for a potential increase in rent. LOCATION OVERVIEW Located within the heart of the 26th Street Retail Corridor just west of Kedzie Ave. The property sits 50' north of 26th Street with great visibility and access from Spaulding and the alley in the rear. Little Village is a community rich in Latino history and the 26th Street Retail Corridor has long been the 2nd highest revenue generating retail corridor in the City of Chicago, 2nd only to the Magnificent Mile (Michigan Ave). The property features easy access to I-55 & I-290 as well as less than a mile walk to the Kedzie Pink Line Stop. LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 5

Exterior Photos LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 6

Shop Photos LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 7

2 LOCATION INFORMATION 2551 S Spaulding Chicago, IL 60623 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 8

Location Maps LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 9

Retailer Map LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 10

3 FINANCIAL ANALYSIS 2551 S Spaulding Chicago, IL 60623 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 11

Financial Summary INVESTMENT OVERVIEW Price $540,000 Price per SF $69.49 CAP Rate 6.7% Cash-on-Cash Return (yr 1) 4.73 % Total Return (yr 1) $14,152 Debt Coverage Ratio 1.21 OPERATING DATA Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income $54,900 Operating Expenses $18,666 Net Operating Income $36,233 Pre-Tax Cash Flow $6,388 FINANCING DATA Down Payment $135,000 Loan Amount $405,000 Debt Service $29,845 Debt Service Monthly $2,487 Principal Reduction (yr 1) $7,763 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 12

Income & Expenses INCOME SUMMARY PER SF Total Rental Income $54,900 $7.06 Gross Income $54,900 $7.06 EXPENSE SUMMARY PER SF Real Estate Taxes (2016) $11,266 $1.45 RE Insurance (Est) $3,500 $0.45 Maintenance (Est) $1,500 $0.19 Common Utilities (Est) $2,400 $0.31 Gross Expenses $18,666 $2.40 Net Operating Income $36,233 $4.66 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 13

4 DEMOGRAPHICS 2551 S Spaulding Chicago, IL 60623 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 14

Demographics Map POPULATION 0.25 MILES 0.5 MILES 1 MILE Total population 5,581 22,006 63,874 Median age 26.9 26.7 27.6 Median age (male) 25.2 26.0 26.8 Median age (Female) 28.3 27.4 29.0 HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE Total households 1,423 5,441 14,902 # of persons per HH 3.9 4.0 4.3 Average HH income $40,276 $38,356 $41,179 Average house value $219,525 $213,892 $220,459 * Demographic data derived from 2010 US Census LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 15

5 ADVISOR BIOS 2551 S Spaulding Chicago, IL 60623 LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 16

Paul Cawthon Angelo Labriola Vice President Vice President O. 312.676.1878 O. 312.676.1870 paul.cawthon@svn.com angelo.labriola@svn.com

Labriola Bio ANGELO LABRIOLA Vice President PROFESSIONAL BACKGROUND Angelo J. Labriola serves as a Vice President for SVN Chicago Commercial, specializing in the sale of multi-family, mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towards possessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joining SVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial real estate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He has participated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest & Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast at Chicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in the top 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialties include mixed-use & multi-family assets in the near Loop neighborhoods and, along with business partner Paul Cawthon, they have currently completed over 50 transactions and have multiple more in contract on the horizon. 940 West Adams Street, Suite 200 Chicago, IL 60607 T 312.676.1870 C 708.307.7529 angelo.labriola@svn.com Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR) and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasis in Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer and spending time with his wife and family. EDUCATION B.S. in Finance and a minor in Economics from DePaul University - Chicago, IL MEMBERSHIPS & AFFILIATIONS National Association of Realtors (NAR) Illinois Association of Realtors (IAR) Chicago Association of Realtors (CAR) LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 18

Cawthon Bio PAUL CAWTHON Vice President PROFESSIONAL BACKGROUND Paul Cawthon serves as a Vice President for SVN Chicago Commercial. He specializes in multi-family, sale and leasing of retail, as well as commercial development property. The Cawthon- Labriola team are specialists in the Pilsen neighborhood, with 60+ transactions completed in the neighborhood over the past few years. 940 West Adams Street, Suite 200 Chicago, IL 60607 T 312.676.1878 C 630.640.1001 paul.cawthon@svn.com Prior to joining SVN he served as a senior commercial associate with the Chicago office of Inland Real Estate Brokerage, Inc. A business owner for over 15 years, Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offering his clients in-depth analysis of real estate products and financial solutions for their real estate investments. During his extensive real estate career Cawthon has won real estate awards such as the Rookie of the Year award for outstanding sales achievement and Lister of the Year. He has also been featured on the front page of the Chicago Tribune's Sunday Real Estate Section. Mr. Cawthon has participated in many high profile property listings including a portfolio of Class A Lifestyle Retail Centers in the Chicagoland area valuing at over $300 million and a rare redevelopment opportunity in Chicago's Gold Coast area located just off the Magnificent Mile. He has been hired by several municipalities to advise them on redevelopment and attracting retailers to their communities. In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide. Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their two daughters, Sedona and Savanna. LITTLE VILLAGE AUTO REPAIR WITH INCOME (2 APTS) 2551 S SPAULDING CHICAGO, IL 60623 SVN Chicago Commercial Page 19