15737 Thomas Ln - Multi-Family FOR SALE


Oak Forest, IL 60452
$1,950,000 USD
773-293-5056
15737 Thomas Ln, Oak Forest, IL for Sale
$1,950,000 USD
Multi-Family - FOR SALE
1/5
null | 7.42% Cap Rate

15737 Thomas Ln
Oak Forest, IL 60452


HIGHLIGHTS

  • Self-Managed & Operated
  • Low Transaction Market | Strong Rental Market
  • (11) 2BD & (2) 1BD Units | Spacious Floorplans
  • Two Deeded Income Producing Garages (12 Indv. Spaces)
  • Newer Weil-Mclain Boiler (2022)
  • 100% Copper Plumbing | Association Covers all Ext. Maintenace (Roofs, Masonry, Porches, Etc.)

OVERVIEW

Kiser Group is offering 15737-15741 Thomas Ln, a rare 13-unit multifamily property in Oak Forest, IL, just 24 miles southwest of downtown Chicago. Oak Forest is known for its welcoming atmosphere, excellent schools, and high quality of life, with a mix of residential areas, commercial districts, and green spaces, plus easy access to highways and public transportation. The property includes eleven 2BD/1BA and two 1BD/1BA apartments, two deeded parking garages with twelve spaces, and laundry rooms in both buildings. Heated by modern boiler systems, the units have an average rent of $1,480/month and a proforma cap rate of 8.56%. This is a lucrative investment opportunity in a sought-after market, with potential for enhanced returns through strategic leasing and modernization efforts.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

13

PRICE/UNIT

$150,000

CAP RATE

7.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15737-15741 Thomas Lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

28-17-413-052-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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

John GeorgeKiser GroupMore Info
773-293-5056

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