6545-6547 W 111th St - Apartments FOR SALE


Worth, IL 60482
$6,535,000 USD
773-551-1268
6545-6547 W 111th St, Worth, IL for Sale
$6,535,000 USD
Apartments - FOR SALE
1/4
null | 6.17% Cap Rate

6545-6547 W 111th St
Worth, IL 60482


OVERVIEW

Real Realty has been exclusively engaged to bring to market the Aubrey Terrace Apartments located in Worth, IL. The property features two 28-unit buildings consisting of all 1-bedroom units.  Landlord provides hot water baseboard heat, hot water, and cooking gas. The property has undergone significant renovations and repositioning in the market. All but 2 of the 56 units have been completely renovated.  This includes new flooring, kitchen cabinets, countertops, and appliance packages. Bathrooms have received new or refinished tubs with new tile tub surrounds, new toilets, new vanities, mirrors, and lighting. This is an opportunity for an investor to purchase a property with fully renovated units with the ability to increase rents by $200 per month matching already achieved top line rents at the property.

FOR SALE DETAILS

PRICE

$6,535,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

56

PRICE/UNIT

$116,696

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.79 AC

LAND SF

121,550 SF

ZONING

B-2, Worth

APN/PARCEL ID

24-19-223-006-1001,24-19-223-006-1002,24-19-223-006-1003,24-19-223-006-1004,24-19-223-006-1005,24-19-223-006-1006,24-19-223-006-1007,24-19-223-006-1008,24-19-223-006-1009,24-19-223-006-1010,24-19-223-006-1011,24-19-223-006-1012,24-19-223-006-1013,24-19-223-006-1014,24-19-223-006-1015,24-19-223-006-1016,24-19-223-006-1017,24-19-223-006-1018,24-19-223-006-1019,24-19-223-006-1020,24-19-223-006-1021,24-19-223-006-1022,24-19-223-006-1023,24-19-223-006-1024,24-19-223-006-1025,24-19-223-006-1026,24-19-223-006-1027,24-19-223-006-1028,24-19-223-006-1029,24-19-223-006-1030,24-19-223-006-1031,24-19-223-006-1032,24-19-223-006-1033,24-19-223-006-1034,24-19-223-006-1035,24-19-223-006-1036,24-19-223-006-1037,24-19-223-006-1038,24-19-223-006-1039,24-19-223-006-1040,24-19-223-006-1041,24-19-223-006-1042,24-19-223-006-1043,24-19-223-006-1044,24-19-223-006-1045,24-19-223-006-1046,24-19-223-006-1047,24-19-223-006-1048,24-19-223-006-1049,24-19-223-006-1050,24-19-223-006-1051,24-19-223-006-1052,24-19-223-006-1053,24-19-223-006-1054,24-19-223-006-1055,24-19-223-006-1056

ASK ABOUT THIS PROPERTY

James CloughReal Realty, Inc.More Info
773-551-1268

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

James CloughReal Realty, Inc.More Info
773-551-1268

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