Contact Information

Mobile Home Park Details

  • Price: $7,500,000
  • Property ID: 1090975
  • Posted on Jun 6, 2019

Property Description

Sunstone is pleased to exclusively represent for sale Countryside & Manteno MHCs, a two-community portfolio located in the Chicago MSA. Combined, the assets contain 164 developed sites offering stable occupancy of 90% with additional upside through rent increases and continued home leasing. The properties can be operated together giving economies of scale. The existing 52 home chattel portfolio to be purchased in conjunction with the real estate.

Property Highlights:
164 units in the Chicago MSA along I-57 Corridor - two properties, 20 miles apart offering economies of scale with shared operations
Amongst lowest rents in Kankakee County
Chattel portfolio consists of 52 homes (35 of which are 2010+ vintage); 6 usable inventory
Countryside: Excess land for potential expansion, recent office renovation & strong school district
Manteno: Recent paving ($80k 2018/19), new basketball court and playground, potential to add more lots

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Park Information

Number of MH Lots: 164
Total Occupancy: 90.0 %
Average MH Lot Rent: $430
Size: 33.0 acre(s)

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