4831-4841 4831-4841 Columbus Drive - Apartments FOR SALE


Oak Lawn, IL 60453
$2,000,000 USD
312-957-7213
4831-4841 4831-4841 Columbus Drive, Oak Lawn, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/13
null | 6.25% Cap Rate

4831-4841 4831-4841 Columbus Drive
Oak Lawn, IL 60453


HIGHLIGHTS

  • Superior Location
  • Value-Add Potential
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 4831-4841 Columbus Drive in Oak Lawn, Illinois (the “Property” or “Properties”). The Property is comprised of four (4) adjacent single-story, brick buildings and contains sixteen (16), 1-Bedroom/1-Bathroom units with 10,400 square feet of living area in 11,040 square feet of gross area on a combined 0.46-acres of land (each building is on its own tax parcel). The Property also features an on-site laundry facility and eighteen (18) surface parking spaces. The Property is well-located in a densely populated residential community just one block from Cicero Avenue and seconds from 95th Street (US Route 20), the area’s two primary commercial and commuter corridors. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities including the Chicago Ridge Mall. 4831- 4841 Columbus Avenue is ideally positioned for commuters with quick and convenient access to public transportation (the Oak Lawn, Ashburn and Chicago Ridge METRA Stations and numerous Pace bus lines along Cicero Avenue & W 95th Street), Interstate 294, and US Route 20.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

16

PRICE/UNIT

$125,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

24-04-415-037-0000

ASK ABOUT THIS PROPERTY

Danny BreiterHorvath & TremblayMore Info
312-957-7213

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Danny BreiterHorvath & TremblayMore Info
312-957-7213

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