1712 Sable Ln - Apartments FOR SALE


Mount Prospect, IL 60056- Des Plaines/Arlington Hts Corridor
$1,000,000 USD
773-293-5056
1712 Sable Ln, Mount Prospect, IL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/4
null | 5.69% Cap Rate


HIGHLIGHTS

  • 1994 Construction
  • Desirable Unit Mix - (5) 2BD/2BA & (1) 1BD/1BA
  • Updated & Individual HVAC Units (2017-2025)
  • Newer Roof (2017)
  • On-site Laundry & Parking
  • Rents ~20% Below Market

OVERVIEW

Kiser Group is pleased to exclusively present 1712 Sable Ln, a well-maintained 6-unit multifamily property in Mount Prospect, IL, a vibrant northwest suburb just 20 miles from downtown Chicago. Known for its strong school system, community, and excellent connectivity, Mount Prospect offers a high quality of life and consistent rental demand. The property consists of five 2BD/2BA units and one 1BD/1BA unit, with shared access to an on-site laundry facility. Major building upgrades include a new roof (2018), updated HVAC systems across all units (2017–2025), and a 400AMP electrical service. Built in 1994, the building benefits from solid construction and thoughtful maintenance. Ownership is further streamlined by a community association, with dues covering exterior landscaping, snow removal, parking lot maintenance, and trash service—reducing operational overhead and enhancing curb appeal. This is a rare opportunity to acquire a stabilized asset in a desirable suburban market, with potential for increased returns through strategic leasing and light modernization.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

5.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,318 SF

ZONING

2-11

APN/PARCEL ID

08-22-203-077-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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