2344 John Smith Dr - Apartments FOR SALE


Schaumburg, IL 60194- Far Northwest Suburban Cook
$2,664,000 USD
847-727-4287
2344 John Smith Dr, Schaumburg, IL for Sale
$2,664,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

2344 John Smith Dr
Schaumburg, IL 60194
Far Northwest Suburban Cook


HIGHLIGHTS

  • 18-unit rental portfolio offered as a package within the Schaumburg Terrace community
  • Three 6-unit groupings, each situated within a separate 18-unit condominium building
  • Unit mix: twelve 2BR/1BA and six 1BR/1BA
  • Association covers exterior maintenance, common areas, water, and heat (boiler baseboard); owner is responsible for interiors only
  • Every unit includes in-unit washer/dryer, dishwasher, and air conditioning
  • Five of eighteen units fully renovated; thirteen units present a defined value-add runway

OVERVIEW

This offering consists of an 18-unit rental portfolio within the Schaumburg Terrace community in Schaumburg, IL. The portfolio includes three separate 6-unit groupings, each located within an 18-unit condominium building. All units are leased, and the portfolio is being offered as a package. The condominium association handles all exterior maintenance and common areas, including roofs, windows, doors, parking, snow removal, and landscaping. Heat (boiler-fed baseboard) and water are also included in the assessment, leaving ownership responsible only for unit interiors, with tenants paying electric. This structure minimizes day-to-day management and capital exposure compared to traditional small multifamily assets. The unit mix includes twelve two-bedroom/one-bath units and six one-bedroom/one-bath units. All units feature in-unit washer and dryer, dishwasher, and air conditioning. Five units have been fully renovated, with thirteen remaining that offer a clear, repeatable value-add opportunity. Renovated units include updated kitchens with new cabinetry, backsplash, sink, faucet, and stainless steel appliances (refrigerator, dishwasher, microwave), along with fully remodeled bathrooms, new flooring, and fresh paint throughout.

FOR SALE DETAILS

PRICE

$2,664,000 USD

PRICE/SF

$13 USD /SF

# OF UNITS

18

PRICE/UNIT

$148,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schaumberg Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.39 AC

LAND SF

626,848 SF

ZONING

-

APN/PARCEL ID

07-18-200-022-1067

ASK ABOUT THIS PROPERTY

Scott Whisler, CCIMBrian Properties, Inc.More Info
847-727-4287

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

Scott Whisler, CCIMBrian Properties, Inc.More Info
847-727-4287

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