40523 N Il Route 83 - Apartments FOR SALE


Antioch, IL 60002
$525,000 USD
630-525-1299
40523 N Il Route 83, Antioch, IL for Sale
$525,000 USD
Apartments - FOR SALE
1/70
null | 8.36% Cap Rate

40523 N Il Route 83
Antioch, IL 60002


HIGHLIGHTS

  • Long Term Tenants
  • Section 8 Approved Building

OVERVIEW

An incredible opportunity for Investors or Owner-Occupants to own a fully occupied 5-Unit Multi-Family Rental Property in Unincorporated Lake County offering both income stability and lifestyle appeal. Set on a beautiful, wooded, and partially fenced lot with full lake rights 60 feet deep, this property combines privacy, convenience, and charm. The units include a 2-bedroom garden apartment with private walkout entrance, a spacious 3-bedroom residence, a 1-bedroom with a private deck, a 2-bedroom with deck, and a large 1-bedroom featuring a fireplace, skylights, and vaulted ceilings. Tenants benefit from an on-site laundry facility, with select apartments offering in-unit laundry for added comfort and convenience. Located just off Route 83, the property offers ample parking, a dog run, and a serene setting surrounded by nature. With strong, long-term tenants and the owner currently occupying one unit, this property delivers steady income, future upside, and potential to increase the below market rents. Building is Section 8 certified. Roof shingled July 2018, Tankless water heater October 2021, Well Pump Feb 2022, Apt 4 Furnace replaced March 2022. Sold AS-IS.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

5

PRICE/UNIT

$105,000

CAP RATE

8.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1840

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,946 SF

ZONING

-

APN/PARCEL ID

02-20-209-001

ASK ABOUT THIS PROPERTY

Vikrant SalujaReal Properties Realty GroupMore Info
630-525-1299

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Vikrant SalujaReal Properties Realty GroupMore Info
630-525-1299

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