Lida lake estates

433 Willis Ave, Rochelle, Illinois 61068

Listing Price:  $7,250,000

Cap Rate 5.64%
Number of Units 72
GRM 8.15
Occupancy 99%
Price/Unit $100694
Price/Gross SF $118.09
Gross SF 61392

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Investment Highlights

  • Renovated Exterior and Apartments
  • Balconies / Patios, Laundry Rooms, and Individual Garages
  • Private Entrances
  • 1994 Construction/Renovated 2018
  • One, Two, and Three-Bedroom Units
  • Tenant-Paid Heat

Map Overview

Investment Overview

Marcus & Millichap is pleased to present Lida Lake Estates, a 72-unit apartment community constructed in 1994 and renovated in approximately 2016 to 2019. Lida Lake Estates is located in Rochelle, Illinois, and sits on five acres with ample green space and parking for tenant enjoyment. This property consists of three 24-unit, two-story buildings with a unit mix of 12 one-bedroom / one-bathroom apartments, 48 two-bedroom / one-bathroom apartments, and 12 three-bedroom / two-bathroom apartments. The property offers well-finished spacious units with stainless appliances, cherry cabinets, and eat-in dining areas.

Rochelle, Illinois is located between Route 251 and Interstate 88 and near Interstate 39 approximately 80 miles west of Chicago’s loop. Located between DeKalb and Dixon, this property offers quiet and clean apartments with spacious layouts.

Here, an investor has an opportunity to step into a high occupancy, recently renovated, and turn-key property.

 

 

 

301 S Ottawa St Joliet, IL 60436

Listing Price: $450,000

Cap Rate 9.25%
Number of Units 6
GRM 7.51
Occupancy 100%
Price/Unit $75000
Price/Gross SF $102.27
Gross SF 4400

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Investment Highlights

  • Fully-Occupied, Five-Unit Multifamily Property and Commercial Unit (Salon)
  • New Roof, Electrical Service, Gas Service, Furnace, and Hot Water Tank
  • Renovated Units, Exterior Paint, and Off-Street Parking Lot Replacement
  • Low Property Taxes and Tenant Paid Gas Heat
  • Located in Joliet, the Fourth-Largest City in Illinois
  • Unit Mix of Studio, One-Bedrooms, Two-Bedroom, Three-Bedroom and a Commercial Unit

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market two adjacent, fully-occupied buildings on one parcel, consisting of five multifamily units plus a commercial unit (salon). Each tenant pays separately metered gas heat; combined with low taxes and current market rents provides a healthy return for a smaller investment property.​ A number of very recent capital improvements have been completed including, but not limited to new roofs, upgraded electrical service, gas service, one of two new furnaces and hot water tanks, exterior painting, and off-street parking lot replacement.​ The unit mix consists of one studio, two one-bedrooms, one two-bedroom, one three-bedroom, and one small recently renovated commercial space occupied by a salon.​ Each unit has been partial to fully renovated, is on an annual written lease agreement, and current on their rents as of the drafting of this offering memorandum.​ The property is situated in Joliet, Illinois, approximately 30 miles southwest of Chicago.​ The property is just south of central downtown Jolie t with convenient access to public transportation, local shopping, and public services.​ Jolie t is the county seat of Will County and is the fourth-largest city in Illinois.​ The largest employers in the area include Amazon, AMITA Health Saint Joseph Medical Center, and Will County.​

 

 

 

Surgical Center For Sale

1186 Roosevelt Rd Glen Ellyn, IL 60137

Listing Price: $1,100,000

Square Feet 3805
Acres 1.04
Built/Reno 1983/2009
Occupancy M-M
Type Medical/Surgical

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Investment Highlights

  • Excellent DuPage County Location on Busy Roosevelt Road Seconds from Interstate 355
  • Free-Standing, Single-Tenant Fully Built-Out Medical Office / Surgical Facility
  • Ideal for Urgent Care, Surgical and Medical Office Use
  • In-place Month-to-Month Surgical Tenant
  • Gut Renovation 2009, New Roof, Parking Lot and HVAC Done in 2017 and 2018
  • Ideal Owner-Occupied, Investment or Redevelopment Opportunity

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market this free-standing, fully built-out suburban medical office property. The subject property is approximately 20 miles west of downtown Chicago on busy Roosevelt Road in Glen Ellyn, Illinois, DuPage County, seconds from the Interstate 355 tollway entrance and Interstates 88 and 294 interchanges for easy access by employees and patients.

Situated on a little over one acre, this 3,805-square foot, single-tenant medical office property is well suited for a number of uses including urgent care, surgical, plastic surgery, pain management, and general medical office. The current layout offers a reception and waiting room, two operating rooms, a recovery room, a lab, a clean room, a lead-lined x-ray room, five restrooms (one ADA compliant), two exam rooms, an administrative office, medical record storage, and oxygen storage.

The property is in excellent condition, gut renovated in 2009, a new roof installed in 2017, new HVAC, and a repaved parking lot in 2018. Current ownership performs regular monthly maintenance inspections, repairs, and replacements, as necessary.

The property is currently leased on a month-to-month, one-day-per-week basis to a doctor performing minimally invasive surgical procedures. This tenant is currently paying $22.55 per square foot, full-service gross for this limited use, and would like to continue with the current arrangements, utilizing this one-of-six location for his practice (since September 2019). With this, the tenant could be retained to share the property with an owner-user, another tenant, or for as long as a new investor may want to retain as a long-term full-monthly leased tenant. Market rent for medical/surgical-grade space in this area is conservatively $26 per square foot, triple-net, performing at a healthy nine percent proforma cap rate.

 

1642 Country Lakes Dr. Naperville, IL 60563

Listing Price: $899,000

Number of Units 4
Occupancy 100%
Cap Rate 6%
NOI $54448

Investment Highlights

  • Fully Occupied 4 Unit Building 
  • Desirable Naperville Address
  • Investor or Owner-Occupied Opportunity
  • All Separately Metered Tenant Paid Utilities
  • In-Unit Washers & Dryers
  • Attached One- Car Garages
  • Development Potential 

Map Overview

Investment Overview

A rare find fully occupied 4-unit apartment building for sale in desirable Naperville, IL recently rated one of the best and safest cities to raise children. This property is ideal for the multifamily investor seeking an affluent stable market like Naperville with upside in rents upgrading units, a developer with the area to potentially build another 4-unit building or an investor homeowner that would like to live in one unit for low housing costs collecting rents. Conveniently located on the Northside of Naperville seconds from I-88 E-W Tollway, minutes from the Route 59 Metra train station, and the Fox Valley Shopping District. Each two-bedroom one and a half bath unit has all separately metered tenant-paid gas, electric, water, sewer, and trash utilities. Amenities for each unit include dishwashers, in-unit-owned washer and dryers, central air, and a one-car garage. Three of four units have full basements two of which are finished. Recent improvements include new windows, furnaces, hot water tanks, and all but one air conditioning unit replaced in the past 3-4 years.

 

 

Listing Broker: Shamshad Sanaullah HomeSmart Realty Group 651 N Washington st, Naperville, IL 60563 630-940-7011 (cell) Email:[email protected]

Suburbs Outperform Cities as Renters Relocate: Report

 

 

Victorian Apartments

800-834 Victoria Dr. Montgomery, IL 60538

Listing Price: $14,750,000 $14,250,000

Cap Rate 6.27%
Number of Units 152
GRM 8.15
Occupancy 92.8%
Price/Unit $93750
Price/Gross SF $132.93
Gross SF 107200

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Investment Highlights

  • 152 Unit Suburban Multifamily Property
  • 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
  • Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
  • Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
  • Upgraded Kitchens and Baths
  • Tenant Paid Electric Baseboard Heat
  • Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois.

The subject property is approximately 40 miles southwest of downtown Chicago. Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes. Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking. Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units. Units have updated kitchens and baths.