374 Lynn Dr - Apartments FOR SALE


Manteno, IL 60950
$1,140,000 USD
815-693-4949
374 Lynn Dr, Manteno, IL for Sale
$1,140,000 USD
Apartments - FOR SALE
1/19
null | 7.62% Cap Rate

374 Lynn Dr
Manteno, IL 60950


HIGHLIGHTS

  • Fully Leased - 100% Occupancy
  • Both Buildings Renovated on the Exterior and Interior in 2024 and 2025
  • Laundry Facilities and Storage in Each Building
  • New Kitchen Appliances (Stove /Fridge/Dishwasher/Microwave) Included in Sale
  • Common Area has 2 Ingress & Egress Entries Available for Each Unit
  • Limited Opportunity for Multi-Family for Sale in Market

OVERVIEW

Rare Opportunity to Purchase: Two fully leased 4-unit apartment buildings for sale in Manteno, Illinois. Located at 374 and 375 Lynn Drive. Each building includes three 2-bedroom units and one 1-bedroom unit. Each building has been rehabbed with new roof, windows, sliding entry doors, asphalt driveway and parking area. 3 of the 4 units in each building have been completely renovated with new flooring, paint, lighting fixtures, kitchen cabinets, counter tops, bathrooms, appliance and more. Property offers opportunity to increase cash flow with below market rents and is for sale at below replacement cost.

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

8

PRICE/UNIT

$142,500

CAP RATE

7.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynn Drive Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

R-3 / Multi-Family

APN/PARCEL ID

03-02-15-406-010

ASK ABOUT THIS PROPERTY

Christopher CurtisNugent Curtis Real Estate, LLCMore Info
815-693-4949

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Christopher CurtisNugent Curtis Real Estate, LLCMore Info
815-693-4949

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