Future projected market value of this historic property, once fully rehabbed, is estimated at $2,100,000. Currently, there are three tenants on the ground level. Future projected NOI is $252,720. Capped at 12.0% equates to the future market value of $2,100,000. Current estimate is approximately $1,000,000 to fully rehab this property, including a new roof, upgraded elevator, basement upgrade and second floor upgrade. The third floor, where some mechanicals are located, could possibly offer additional value if rehabbed. There are possible funding sources available from the TIF District, Enterprise Zone, Facade Improvement Program and Historic Restoration Project.