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Share facebook Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540twitter Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540linkedin Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540mail Apartment Building For Sale 109 S Whispering Hills Dr Naperville IL 60540

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

Highlights


  • Fully Occupied Four Unit Multifamily
    Property in Desirable Affluent Naperville
    Market
  • Historic High Occupancy with Varied
    Unit Mix of 1BD, 2BD and 3BD/2BA
  • Well-Maintained with Newer Roof, Boiler,
    Hot Water Tank and Windows
  • Brick Two-Story Construction, On-Site
    Laundry and Tenant Storage

Description


Marcus & Millichap is pleased to present a fully occupied four-unit apartment building located at 109 South Whispering Hills Drive in desirable Naperville, Illinois. Situated in Chicago’s western suburbs Naperville is one of the most affluent communities in the Midwest, ranked number one by Kiplinger for early retirement and was recently given the designation as the “Safest City in the US” (USA Today). Naperville’s downtown offers many fine dining options, entertainment, cultural and family activities and only a 30-minute express train ride to downtown Chicago.

The unit mix consists of one one-bedroom / one-bathroom unit, two two-bedroom / one-bathroom units, and one spacious three-bedroom / two-bathroom units (master bath). The property features reserved off-street parking, on-site laundry and storage for tenants. The property has been well-maintained and is fully occupied.

The property is well located one block north of Jefferson Street, just west of downtown Naperville in the sought after District 203 school district. The property is stabilized with historic high occupancy with upside in well supported rental rate increases.

Map Overview


 

 

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