1214 Marengo Ave - Apartments FOR SALE


Forest Park, IL 60130
$995,000 USD
773-281-4464
1214 Marengo Ave, Forest Park, IL for Sale
$995,000 USD
Apartments - FOR SALE
1/3
null | 8.35% Cap Rate

1214 Marengo Ave
Forest Park, IL 60130


OVERVIEW

2 Story Brick/ Stone 6-Flat building. Great unit mix: four 1-bedroom and two 2-bedroom apartments. 5 surface parking spaces. Newer gas hot water baseboard heat with individual zone valves, 1 gas fired hot water tank, individual electric meters with panels in the units and basement storage locker for each tenant. Half the building has been fully rehabed with the other half updated. Beautifully landscaped! Solid investment property on a quiet residential street.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

8.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marengo Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

R-1

APN/PARCEL ID

15-24-203-007-0000

ASK ABOUT THIS PROPERTY

Robert HahnDimensions Management Inc.More Info
773-281-4464

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Robert HahnDimensions Management Inc.More Info
773-281-4464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.