450 Perrie Dr - Apartments FOR SALE


Elk Grove Village, IL 60007- Des Plaines/Arlington Hts Corridor
$900,000 USD
847-306-6158
450 Perrie Dr, Elk Grove Village, IL for Sale
$900,000 USD
Apartments - FOR SALE
1/20
null | 6.97% Cap Rate

450 Perrie Dr
Elk Grove Village, IL 60007
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Located in a highly desirable submarket.
  • Features a strong unit mix appealing to a broad tenant base.
  • Each unit offers private balcony access.
  • Includes an on-site laundry facility.
  • Consistently leased, reflecting strong rental demand.
  • Turnkey multifamily asset in a supply-constrained suburb.

OVERVIEW

Income-producing 6-unit multifamily portfolio located in the highly desirable Elk Grove Village submarket. This income-producing asset features a strong unit mix consisting of two 1-bedroom/1-bath units on the first floor and four 2-bedroom/1-bath units across the second and third floors, appealing to a broad tenant base. Each unit offers private balcony access, enhancing tenant satisfaction and retention. The property includes an on-site laundry facility, providing additional income potential and convenience for residents. The building has been consistently leased, reflecting strong rental demand in this established residential area. This offering presents an excellent opportunity to acquire a turnkey multifamily asset in a supply-constrained, high-demand suburb with proximity to major employment corridors, transportation, and retail amenities. The portfolio is being offered as a single package, ideal for investors seeking scale, stability, and long-term appreciation potential. Four of the units are month-to-month rentals currently leased below market value, providing an immediate opportunity for a new investor-owner to implement strategic rent increases upon renewal. This near-term rent growth potential offers a clear path to boosting net operating income (NOI) and enhancing overall property returns, making this an attractive value-add play within a stable, high-demand submarket.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

6.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

-

APN/PARCEL ID

08-27-102-102-1061,08-27-102-102-1062,08-27-102-102-1063,08-27-102-102-1064,08-27-102-102-1065,08-27-102-102-1066

ASK ABOUT THIS PROPERTY

Shamar BrossardCompass Real EstateMore Info
847-306-6158

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Shamar BrossardCompass Real EstateMore Info
847-306-6158

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