536 Schroeder Ave - Apartments FOR SALE


Peotone, IL 60468
$775,000 USD
708-301-4700
536 Schroeder Ave, Peotone, IL for Sale
$775,000 USD
Apartments - FOR SALE
1/17
null | 6.72% Cap Rate

536 Schroeder Ave
Peotone, IL 60468


HIGHLIGHTS

  • Three units full rehabbed
  • The location offers residents quick and convenient access to I-57 and Route 50

OVERVIEW

Outstanding opportunity to start or add to your investment portfolio! 6 unit building in the quiet and conveniently located town of Peotone. All units are 2 Bedroom and 1 Bath. Three of the units are fully remodeled featuring new kitchens, new bathrooms and new LVP flooring throughout. One unit has all new flooring. The building has a central boiler and one hot water tank. Complete tear off of the entire roof and structure 2023. Fully leased, great value and potential to add opportunity. There is a fully remodeled common laundry area for the tenants, and plenty of parking. The location offers residents quick and convenient access to I-57 and Route 50.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

6

PRICE/UNIT

$129,167

CAP RATE

6.72%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,313 SF

ZONING

Residential

APN/PARCEL ID

17-20-24-411-012-1001

ASK ABOUT THIS PROPERTY

Michelle WardColdwell Banker The Real Estate GroupMore Info
708-301-4700

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Michelle WardColdwell Banker The Real Estate GroupMore Info
708-301-4700

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