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1475 - 1479 Ashland Avenue, Des Plaines, IL

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1475 - 1479 Ashland Avenue

Des Plaines, IL 60016 - Des Plaines/Arlington Hts Corridor MF Submarket


Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1973
Stories:3 Building Size:7,500 SF Land Area:.22 AC (9,605 SF)
For Sale Price:$950,000 Price/Unit:$105,555.56 Cap Rate:6.26 % GRM:-

Portfolio:This property is for sale as part of a portfolio of 2 properties.
Parking:1.06 Parking Spaces / 1,000 SF



Sale Notes:
The subject property consists of a 9,607 SF land parcel that is improved with a three story, ~10,000 SF; cream colored masonry constructed apartment building with a total of 11 units. Subject has 12 surface parking spots on site. Heat is provided by an older steam boiler system. Hot water is provided by a single commercial size (100 gallon) hot water heater. The subject property has a partial basement that contains a laundry
room and utility room. The property is currently 100% occupied. Thus far both the boiler and hot water heater need repair. The parking lot is in need of repair as well. The acquisition of the building presents an excellent opportunity for an investor to take advantage of strong rental cash flow and full ownership of all the units in this building.

CAN BE SOLD AS PART OF A PACKAGE. 11 UNIT APARTMENT BUILDING LOCATED 3 BLOCKS AWAY. 897 GRACELAND AVE, DES PLAINES, IL.

Chicago Real Estate Resources
Jonathan Gil
(312) 228-4700

Michael Tolliver
(773) 327-9300




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