312-338-3003
20 S Dee Rd, Park Ridge, IL for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

20 S Dee Rd
Park Ridge, IL 60068


HIGHLIGHTS

  • Fully leased eight-unit multi-family property with recent renovations.
  • Diverse unit mix, including a 4-bedroom unit with an in-law apartment.
  • Dedicated storage units and detached garage for tenant convenience.
  • On-site coin-operated laundry and separately metered utilities.
  • Located near I-294 with strong connectivity to downtown Chicago.

OVERVIEW

This fully leased, eight-unit California-style multi-family property offers a rare investment opportunity in the highly desirable Park Ridge market. Spanning 9,668 square feet, the property has been recently renovated with quality finishes and features a diverse unit mix, including one 4-bedroom, 3-bath unit with an in-law apartment, one 3-bedroom, 2-bath unit, and six 2-bedroom, 2-bath units. Each apartment includes a dedicated storage space and access to a detached garage, enhancing tenant convenience and retention. The property is 100% occupied and generates a gross income of $183,600 annually, with separately metered units for efficient utility management. Additional amenities include on-site coin-operated laundry and dedicated storage units. Situated on a 23,383 SF lot, the building benefits from R-3 zoning and a prime location near I-294, providing easy access to downtown Chicago and surrounding employment hubs. Park Ridge is a vibrant suburban community known for its strong schools, tree-lined streets, and robust retail and dining options, making this asset a stable and attractive long-term investment.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,383 SF

ZONING

-

APN/PARCEL ID

09-34-101-020-0000

ASK ABOUT THIS PROPERTY

Daniel HymanMillennium Properties R/E, Inc.More Info
312-338-3003

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Daniel HymanMillennium Properties R/E, Inc.More Info
312-338-3003

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