4337 Prescott Ave - Apartments FOR SALE


Lyons, IL 60534
$1,520,000 USD
773-230-8055
4337 Prescott Ave, Lyons, IL for Sale
$1,520,000 USD
Apartments - FOR SALE
1/9
null | 6.83% Cap Rate

4337 Prescott Ave
Lyons, IL 60534


HIGHLIGHTS

  • 12-unit multifamily property
  • Unit mix: Three 1BR/1BA and Nine 2BR/1BA units
  • Fully occupied with immediate cash flow
  • Recent upgrades: heating system, security cameras, and unit renovations
  • On-site laundry with owned washers and dryers
  • Stable tenant base with value-add potential

OVERVIEW

eXp Commercial is pleased to offer 4337 Prescott Avenue, a 12-unit multifamily property located in Lyons, Illinois. This property includes a mix of three one-bedroom/one-bathroom units and nine two-bedroom/one-bathroom units, thoughtfully designed to meet tenant needs. Fully occupied with a stable tenant base, this property offers immediate cash flow and efficient management. Recent improvements include a new heating system, HD security cameras, and remodeled bathrooms in select units. Owned washers and dryers in the on-site laundry, individual heating controls, and ample surface parking enhance tenant convenience and satisfaction. This property presents an excellent opportunity to acquire a well-maintained asset with potential for increased returns through strategic rental adjustments and additional unit updates. Location Description Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns.

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

12

PRICE/UNIT

$126,667

CAP RATE

6.83%

% 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

1965

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-3

APN/PARCEL ID

18-01-302-006-0000,18-01-302-007-0000,18-01-302-008-0000

ASK ABOUT THIS PROPERTY

Dave Snehal, CCIMeXp CommercialMore Info
773-230-8055

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Dave Snehal, CCIMeXp CommercialMore Info
773-230-8055

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