37 Nippersink Blvd - Apartments FOR SALE


Fox Lake, IL 60020
$2,150,000 USD
847-373-1766
37 Nippersink Blvd, Fox Lake, IL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/42
null | 4.99% Cap Rate

37 Nippersink Blvd
Fox Lake, IL 60020


HIGHLIGHTS

  • Downtown Fox Lake across from Metra Train Station
  • One block for Fox Lake Public Beach and Park
  • High rental demand - room to increase rents!

OVERVIEW

Well maintained 12 unit brick aptmnt bldg. located in the heart of Fox Lake - close to metra, shopping and Rt 12 for commuters. All units are 2 br, 1 bth, Living, Dining & Kitchen. Newer kitchen cabinets, laminate flooring and/or carpeting.Coin operated laundry on 2nd floor with 2 washers & 2 dryers. Plenty of parking - 34 spaces for 12 apartments! Parking lot recently re-surfaced & striped. Projected income over $164,000 w/all units leased. Experience your new home at Fox Valley Apartments in the heart of downtown Fox Lake - 37 Nippersink Blvd, Fox Lake, IL 60020. Fox Lake is an ideal place for residents. Two bedroom, one bath, living room, dining room and separate kitchen area. Easy access walk-up apartment. 12 unit building with on-site laundry, security system, plenty of parking for residents and your guests. Professionally managed by licensed real estate professionals. Great location in downtown Fox Lake just steps from the Metra train station and everything downtown Fox Lake has to offer. One block walk to public park and public beach on Fox Lake! Tenant pays their own electricity, AC, electric heat and cable/internet. Owner pays water, sewer, refuse. $85 credit and background check required for each applicant. Located in downtown Fox Lake, which has just been revitalized with new streets, sidewalks, street lights and new landscaping area the renovated Metro Train Station. Area has a brand new fresh look. Building is 100% leased with all tenants renewing their leases in 2022. Recent renovations to building include new common entrance doors and painting of common hallways and stairwells. Room for higher rents too! Sold As-Is. Broker owned and managed.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

12

PRICE/UNIT

$179,167

CAP RATE

4.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R-3, Fox Lake

APN/PARCEL ID

05-09-202-026,05-09-202-028

ASK ABOUT THIS PROPERTY

John JosephitisColdwell Banker RealtyMore Info
847-373-1766

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John JosephitisColdwell Banker RealtyMore Info
847-373-1766

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