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Multifamily For Sale

557-559 Ashland Ave
Aurora, IL 


TYPE Multifamily
PRICE $795000
UNITS 12 (All 2Bds)
BUILDINGS 2
FLOORS 3
OCCUPANCY 100%
CAP RATE 10.2%
CASH-ON-CASH 23%

 Highlights


  • Fully Occupied with Long History of Low Vacancy
  • All Electric Building – Tenant Paid Heat and Hot Water
  • No Major Mechanical’s – Avoid Significant Mechanical Maintenance and Repairs
  • All Above Grade Two-Bedroom / One-Bathroom Units
  • Month-to-Month Leases Offering Flexibility to Renew/Raise/Renovate/Re-Tenant
  • City Inspected and Renewed Annual Certificate of Occupancy

Description


Marcus & Millichap is pleased to present for sale a fully-occupied B/C class 12-unit multifamily property located in the Western Chicago Suburb of Aurora; the second largest City in Illinois. The property consists of all two-bedroom one-bath units and is cost-effective and efficient to maintain with limited mechanical’s. Professional property management services are available. The property has been lender underwritten offering competitive rates and terms for qualified buyers.

Each unit has separately metered tenant paid electric baseboard heating, separate electric hot water tanks, and tenant-owned sleeve air condition units. Amenities include off-street parking, balconies and an owned coin-operated laundry room on the second floor of each of the two interior corridor entrances.

The property has been recently inspected by the City of Aurora and received a renewed Annual Certificate of Occupancy. There is upside in further rental increases over the proforma rents should a buyer opt to upgrade units. All leases are currently month-to-month offering the flexibility to secure annual leases, increase rents or renovate and re-tenant units if desired.

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Multifamily For Sale

1124 E Adams St
Macomb, Illinois 61455


TYPE Multifamily
PRICE $529000
UNITS 22 (9 2-Bds / 8 1-Bds / 5 Studios)
BUILDINGS 6
OCCUPANCY 100%
CAP RATE 10.5%
CASH-ON-CASH 23.81%

Highlights


  • Fully-Occupied
  • Priced To Sell – Generous Rates of Return
  • Long-Term Ownership / Well Maintained
  • Management & Financing Available
  • Located in Stable College Town (Western Illinois University)
  • Properties in Close Proximity to One Another

Description


Marcus & Millichap is proud to present for sale a fully-occupied high yielding 22-unit multifamily portfolio in the western Illinois city of Macomb, home of Western Illinois University. Offering generous rates of return, this portfolio is composed of six separate properties in close proximity to one another consisting of nine two-bedrooms, eight one-bedrooms, and five studios. Professional Management Services and competitive financing terms are available offering an easy acquisition and operation of the
properties for out of town buyers to capture these higher rates of return.

This portfolio has been under the same ownership for the past 12 years receiving regular maintenance and repairs to preserve the property and marketability. While this is in a College Town, this is not considered Student Housing and is Market Rate. Over the years average tenancy has been approximately 20% Upperclassman/Graduate
Students on usual annual leases and the balance high demand affordable B/C class apartments for local residents.

As with many college towns, the presence of a University stabilizes the local economy and is under-represented in its demographics with non-resident students and related services and amenities not included in population and economic reporting. For this reason, college towns typically enjoy a disproportionately higher level of
economic performance and stability for the size of the city.

Macomb, Illinois is approximately 180 miles southwest of Chicago and about 75 miles equidistant from Springfield, Peoria and the Quad Cities. The city has a population of 18,267 (2017) additionally the 1,000-acre Western Illinois University campus including more than 60 buildings has a current enrollment of almost 8,000 students. Other major employers in the area are the Spoon River College, McDonough District Hospital, Pella, NTN Bower, and Whalen Manufacturing.

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OFFERING MEMO

 

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Multifamily For Sale

408 Western Ave
Joliet, IL 60435


TYPE Multifamily
PRICE $485000
UNITS 5
BUILDINGS/Stories 1 / 2.5
BUILT/RENO 1914 / 2014
OCCUPANCY 100%
CAP RATE 8.69%
CASH-ON-CASH 19.11%

Continue reading “Fully Occupied 5 Unit Apartment Building For Sale 408 Western Ave Joliet IL 60435”

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Multifamily For Sale

13046 S Wood St
Blue Island, IL 60406


TYPE Multifamily
PRICE $1.2m
UNITS 18
BUILDINGS 3
BUILT/RENO 1968/2014
OCCUPANCY 100%
CAP RATE CURRENT/YR 1 7.43%/8.44%
CASH-ON-CASH CURRENT/YR1 11.40%/16.44%
Continue reading “18 Unit Apartment Building For Sale 13046-13050 S Wood St Blue Island IL 60406”
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Multifamily For Sale

109 S Whispering Hills Dr
Naperville, IL 60540


TYPE Multifamily
SF 3700
Units 4
BUILT1980
ACRES 0.18
Parking 8 Off-street
OCCUPANCY100%
GROSS INCOME $51600
NOI $36062
CAP RATE 6.74%
PRICE $535000
Continue reading “Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540”
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Joseph Naper Building For Sale Downtown Naperville 216-218 S Main St

Sales Price: $3,850,000
Cap Rate:     6.06%


The Marcus & Millichap Retail Division is proud to have been selected to exclusively represent for sale 216-218 Main Street, Naperville Illinois. Continue reading “Joseph Naper Building For Sale Downtown Naperville 216-218 S Main St”

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Retail For Sale

365 E North Ave
Glendale Heights, IL 60139


TYPE Retail
SF 6400
BUILT1988
ACRES 0.70
ZONING B-2
OCCUPANCY100%
GROSS INCOME $112958
NOI $70693
CAP RATE 7.9%
PRICE $899000

Highlights


  • Fully Occupied
  • High Visibility Center on Busy North Ave
  • Complimentary Retail Tenant Mix

Description


Fully Occupied 6,400 SF 4-unit retail strip center located in Glendale Heights Illinois. Prominent Retail Location on heavily trafficked North Ave corridor between Bloomingdale Rd and Glenn Ellyn Rd with an average daily traffic counts of over 64,000 cars minutes from I-355 NS toll way. Strong demographics with over 100,000 within 3- miles and Median Household Income of $71,971 30% greater than the national average. The center offers a complimentary tenant mix of a long established Miska’s Corner Store, Salon, Laundromat and Pita & Kabobz restaurant.

Demographics


1 Mi3 Mi5 Mi
Pop15688 105092289715
HH528537106104469
Ave HH Inc$61492$66238$68888

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Office For Sale/For Lease

1616 E Roosevelt Rd
Wheaton, IL 60187


Property TypeOffice
SF 13280
Available 700-2450
Built1963 Reno (2014)
Floors2
Acres .98
Zoning B-3
Parking 48
Signage Monument
Rate $12.00/SF
Price $1550000

Highlights


  • Ideal investment or Owner-user Offering
  • Attractive Professional Office Building
  • High Visibility Roosevelt Rd Location with Monument Sign
  • Minutes from I-355 N-S Tollway
  • 700 – 2450 SF Suites Immediately Available

Description


High visibility Professional Office building with monument sign on busy Roosevelt Rd in Wheaton minutes from I-355 N-S. Ample 48 car parking lot. Recently renovated and very well maintained with an attractive front foyer and rear entrance. 700, 800, and 2,450 SF Office Suites available for lease at a very competitive gross rate. Well established Psychology group occupies the upper level.

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Retail For Sale/lease

Parkview Plaza
519-535 S Bartlett Rd
Streamwood, IL 60107


Property TypeRetail-Strip
SF9050
Avail 750-1500
Built1978 (Reno 2018)
Acres .78
ZoningC-2
Parking 52
Signage Monument
Rate $18 PSF
Price $585000

 

Highlights


  • High Visibility at Intersections S Bartlett Rd & Streamwood Blvd
  • Multi-Unit Retail Strip Center with Complimentary Neighborhood Tenant Mix
  • Good Visibility along busy 127th St
  • New Roof, New HVAC’s recently renovated

Description


High visibility multi-unit Retail Strip Center For Sale/For Lease at the intersection of S Bartlett Rd and Streamwood Blvd. Over 9000 SF of property on 3/4 of an acre offering a complimentary mix of tenants including a Hair Salon, Pet Grooming, Chiropractor and Farmers Insurance. Prime available space at the front of the center ideal for an Owner-occupied buyer or national retailer lease. High population densities of almost 100,000 people within 3-miles of the site. Brand new roof with transferable 20 year warranty, all new rooftop HVAC units. Recently renovated.

Demographics


1 Mi3 Mi5 Mi
Pop16842 95910236857
HH57183239780097
Ave HH Inc$92750$92253$94446

 

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Retail For Sale

1150 State St
Lemont, IL 60439


Price$750000
UseUser
SF3960
Stories1
Built2000
TypeRetail
Lot0.80 Acres
Sub-typeRestaurant
Parking35

Highlights


• Highly visible out-lot Lemont Plaza
• Free Standing Fast Food with Drive-thru
• 234′ Frontage on State St
• Grocery Store Anchored
• National Tenants:  Ace Hardware, Goodwill, Dollar Tree, Total Fitness, Subway, Dunkin Donuts, McDonalds

Demographics


1 Mi3 Mi5 Mi
Pop8640 2630296497
HH3016931632602
Ave HH Inc$108412$109102$94150

Description


Former Hardee’s Drive-thru Fast Food Restaurant on a highly visible out parcel of the Lemont Plaza, a vibrant 116,887 SF  neighborhood shopping center located at the high traffic intersection of State Street (Lemont Road) and 127th, in one of the fastest growing communities in Chicago’s Southwest suburbs.

Anchored by quality retailers such as Ace Hardware, Goodwill, Dollar Tree, Total Fitness, Subway, Dunkin Donuts and adjacent McDonalds.

Lemont Plaza is the premier local shopping destination for the town with upper-middle-income shoppers.

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