Pat Kennelly - Commercial Real Estate Showcase

Pat Kennelly Property Listings
Director
Interra Realty
640 N LaSalle St
Suite 200
Chicago, IL 60654


DetailMap
1214 Marengo Avenue - Marengo Apartments

Forest Park, IL 60130-2912 - West Cook MF Submarket


Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1965
Stories:2 Building Size:4,200 SF Land Area:.14 AC (6,251 SF)
For Sale Price:$525,000 Price/Unit:$87,500.00 Cap Rate:7.00 % GRM:-

Parking:-



Sale Notes:
The subject investment property is a 6 unit walkup located in Forest Park. The property is comprised of four, one-bedroom / one-bath and two, two-bedroom / one-bath units.

A total of three units have been recently rehabbed and the other three have seen improvements to the bathrooms only. Recently capital improvements include a new high efficiency boiler and new hot water
tank. Additionally the property features five parking spaces at the rear of the property
and on-site laundry. The current ownership has taken pride in the maintenance of the
asset. A qualified investor has the opportunity to acquire a well maintained asset in a attractive Forest Park location with immediate upside in renovating the three remaining apartments to increase cash flow.

Interra Realty
Pat Kennelly
(312) 724-7011




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