308 E 55th St - Apartments FOR SALE


Westmont, IL 60559
$799,873 USD
708-923-0900
308 E 55th St, Westmont, IL for Sale
$799,873 USD
Apartments - FOR SALE
1/43
null | 4.13% Cap Rate

308 E 55th St
Westmont, IL 60559


OVERVIEW

Compliment your investment portfolio with this vintage-style stone masonry 6-unit apartment building, owned and well-maintained by a long-term owner. Located in a highly desirable area with consistently easy-to-rent units, the property features stable, long-term tenants-many currently paying under-market rents-offering excellent rental upside. The building includes a unique mix of units, including one spacious 2-bedroom, 2-bath unit (formerly owner-occupied) featuring a master bedroom with walk-in closet, separate forced-air heating and central air, a private deck, carport, and a large storage area with a garage-style overhead door currently used by the owner. There is also one 2-bedroom, 1-bath unit, three 1-bedroom, 1-bath units, and one studio apartment. Each unit offers individually controlled thermostats for tenant comfort. The basement provides coin-operated laundry facilities for added income. Key improvements include a new roof (2023) and a new driveway (2024). Perfectly positioned near Hinsdale and close to major amenities, this is a rare opportunity to acquire a high-potential, income-generating asset. Don't miss out-schedule your showing today!

FOR SALE DETAILS

PRICE

$799,873 USD

PRICE/SF

$133 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,312

CAP RATE

4.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

A

APN/PARCEL ID

09-10-319-018

ASK ABOUT THIS PROPERTY

Thomas DomasikRE/MAX 10 in The ParkMore Info
708-923-0900

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Thomas DomasikRE/MAX 10 in The ParkMore Info
708-923-0900

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