1932-1932 Hickory Rd - Apartments FOR SALE


Homewood, IL 60430
$1,500,000 USD
312-361-1647
1932-1932 Hickory Rd, Homewood, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/12
null | 5.9% Cap Rate

1932-1932 Hickory Rd
Homewood, IL 60430


HIGHLIGHTS

  • Strong Rental Market
  • Transit Oriented Location
  • Convenient Suburban Location
  • Value-Add Opportunity
  • Strong School District
  • Attractive, Low Maintenance Brick Building

OVERVIEW

Horvath & Tremblay is pleased to present the opportunity to purchase a multi-family investment property located at 1928 and 1932 Hickory Road in Homewood, Illinois (the “Property”). The Property is improved by two (2), three-story brick buildings and contains twelve (12) residential units comprised of ten (10), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 10,200 square feet of living area in 12,000 square feet of total gross area on a combined 0.36-acres of land. The well-maintained brick apartment buildings feature an on-site laundry facility and ample on-site parking. The Property is in a residential neighborhood in the center of Homewood, Illinois which is a South Suburb of Chicago. The Property is positioned in a residential neighborhood and offers outstanding access to retailers and restaurants along Dixie Highway and S Halsted Street (IL Route 1). The Property is seconds from the Pace Bus Line and has excellent access to Interstates 294, 80, 94 and 57 and US Route 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

29-31-408-026-0000,29-31-408-027-0000,29-31-408-028-0000

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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