14813 Kilpatrick Ave - Apartments FOR SALE


Midlothian, IL 60445
$500,000 USD
312-957-7189
14813 Kilpatrick Ave, Midlothian, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/14
null | 7.14% Cap Rate

14813 Kilpatrick Ave
Midlothian, IL 60445


HIGHLIGHTS

  • Convenient Location
  • Value-Add Potential
  • Separate Utilities
  • Low Maintenance Brick Building
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a multifamily investment property located at 14813 Kilpatrick Avenue in Midlothian, Illinois (the “Property”). The Property is improved by a two-story brick building with four (4) residential units consisting of three (3) 2-Bedroom/1-Bathroom units and one (1) 3-Bedroom/2-Bathroom unit with 3,500 square feet of living area in 4,500 square feet of gross area on a 0.22-acre parcel of land. The building features an on-site laundry facility and a detached two-bay garage with six additional surface parking spaces. The Property is well-located located in a densely populated residential neighborhood seconds from Cicero Avenue and 147th Street, the area’s primary commercial and commuter thoroughfares that provides easy access to a large array of retail, entertainment and service amenities, including the Mid Oak Plaza, Walmart, and Rivercrest Shopping Center. Kilpatrick Avenue is a short walk to a Pace bus stop at the major intersection of Kilpatrick Avenue and 147th Street, and also on Cicero Avenue. 147th Street connects with Interstates 294 and 57 (both approximately 3-miles away), which provides a direct route to Chicago. Midlothian is situated 18 miles southwest of The Loop in Downtown Chicago.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

4

PRICE/UNIT

$125,000

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

28-10-300-082-0000

ASK ABOUT THIS PROPERTY

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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