12510 Vincennes Rd - Apartments FOR SALE


Blue Island, IL 60406
$650,000 USD
773-293-5090
12510 Vincennes Rd, Blue Island, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/5
null | 7.02% Cap Rate

12510 Vincennes Rd
Blue Island, IL 60406


HIGHLIGHTS

  • Strong unit mix with a heavy concentration of large 2- and 3-bedroom floor plans
  • Beautifully renovated units with new kitchens, updated baths, and private balconies in every unit
  • Average in-place rent of $1,383 with upside potential
  • On-site parking and laundry facility

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 12510 Vincennes Rd, a six-unit building in Blue Island with a highly desirable unit mix: one 3 bed / 2 bath, four 2 bed / 2 bath, and one 1 bed / 1 bath. Most units have been recently renovated with new kitchens and baths featuring stone countertops, new cabinets, and LVP flooring. Units are extremely spacious with functional layouts, and private balconies set the property apart in the submarket. The building also offers on-site parking and laundry. Through management optimization and improved leasing strategy, a new owner can push gross rents and drive stronger cash returns.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,064 SF

ZONING

-

APN/PARCEL ID

25-30-308-064-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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