560-570 Princeton st - Multi-Family FOR SALE


Des Plaines, IL 60016- Des Plaines/Arlington Hts Corridor
$3,950,000 USD
630-670-4860
560-570 Princeton st, Des Plaines, IL for Sale
$3,950,000 USD
Multi-Family - FOR SALE
1/8
null | 6.28% Cap Rate

560-570 Princeton st
Des Plaines, IL 60016
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Long Term Ownership
  • (15) 1bed/1ba & (7) 2bed/1ba
  • Value Add Opportunity
  • Low Supply Market

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 560-570 Princeton St, a rarely available 22 unit apartment building located in Des Plaines. Situated on a peaceful street surrounded by single- family homes, the building features a desirable unit mix of fifteen (15) 1BD/1BA and seven (7) 2BD/1BA apartments with a designated parking lot in the rear of the building. Offered for the first time in over 40 years, this property has been under the same long-term ownership, showcasing decades of pride of ownership and consistent care through its professional management, well-maintained mechanical systems, common areas, and apartment units. This asset provides investors with stable in-place income and clear upside potential through future cosmetic updates and aligning rents with current market levels.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

22

PRICE/UNIT

$179,545

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

09-07-203-007-0000

ASK ABOUT THIS PROPERTY

Radina DimovaKiser GroupMore Info
630-670-4860

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Radina DimovaKiser GroupMore Info
630-670-4860

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