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”

Multifamily For Sale

1900 Broadway St
Blue Island, IL 60406


TYPE Multifamily
PRICE $5.7M
UNITS 84
BUILDINGS 7
BUILT/RENO 1973/2016
OCCUPANCY 97.3%
CAP RATE CURRENT/YR 1 8.34% / 9.81%
CASH-ON-CASH CURRENT/YR 1 15.67% / 23.02%

 Highlights


  • Condo Quality Construction
  • All 2-Bed / 1-Bath Units with Dining Room
  • 90 Percent Updated Units
  • Tenant Paid Electric Baseboard Heating & HW
  • Very Well-Maintained / Long-Term Ownership

Description


Marcus & Millichap is pleased to present for sale Islander Apartments, an 84-unit apartment community in Blue Island, Illinois, a southern suburb of Chicago. The property consists of seven contiguous 12-unit apartment buildings each containing above grade condo quality two-bedroom / one-bathroom units with dining rooms and tenant paid electric baseboard heating. Ninety percent of the units have been updated and there are newer windows, roofs and a resurfaced parking lot.

The property has been under the same ownership and professionally managed for the past 16 years. It has been well-maintained and enjoyed high occupancy currently, at 97.3 percent. Twenty-four of the 84 units are rented under the Housing Choice Voucher program, but there are no requirements to participate in the program going forward and the property may be operated as a full-market rate apartment community. There is current on-site management that can assist with a smooth transition to new ownership but there are no management contractual obligations or association.

The property is located approximately 16 miles south of Chicago’s Loop just south of the Little Calumet River in a quiet park-like setting across from the forest preserve, but only minutes from Interstate 57, Blue Island Vermont Street train station and the Vermont and Division Street bus station.

Map Overview


 

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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”

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

 

Map Overview


 

Multi-Unit Retail Strip Center For Sale 521 S Bartlett Rd Streamwood IL 60107

Property Details


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

For Sale
$499,000

Property Type Retail-Strip
SF 9050
Built 1978
Floors 1
Acres .78
Zoning C-2
Parking 52
Signage Monument
Occupancy 78%
Price $499000


Description


High visibility multi-unit Retail Strip Center For Sale 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, Dry Cleaner, Staffing Business, Pet Grooming, and Chiropractor. High population densities of almost 100,000 people within 3-miles of the site. Upside potential with improved occupancy and facade renovations. Competitively priced at a little over $55/SF.


Highlights


  • High Visibility at Intersections S Bartlett Rd & Streamwood Blvd
  • Multi-Unit Retail Strip Center with Complimentary Neighborhood Tenant Mix
  • Upside Potential in a Recovering Retail Market (Service Oriented)
  • Good Visibility along busy 127th St

Demographics

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

Download Full Demographic Report

[pw_map address=”521 S Bartlett Rd Streamwood, IL 60107″]

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