7827 North Ave - Apartments FOR SALE


River Forest, IL 60305
$1,600,000 USD
312-724-7011
7827 North Ave, River Forest, IL for Sale
$1,600,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

7827 North Ave
River Forest, IL 60305


HIGHLIGHTS

  • Well Maintained Property in a Great River Forest Location
  • Only One Change of Ownership Since Construction
  • Desirable Rental Market with Limited Supply in Immediate Area
  • Ample Parking with Exterior and Garage Spaces
  • Easy Access Downtown Chicago via CTA Bus and Metra Rail
  • Close Proximity to Local Retail, Schools, Universities, and Recreational Space

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the property located at 7827 West North Avenue in River Forest, IL. The property is a 9-unit building consisting of seven (7) 1 bed/1 bath units and two (2) 2 bed/1.5 bath units. The property also has a heated two-car garage and exterior parking with ten (10) spaces. The property has been well-maintained by current ownership, with capital improvements including new boiler and hot water tank, new electric breakers, and updating plumbing as needed. The property is situated in a prime River Forest location on North Ave. The property is steps from the CTA bus and 1.4 miles away from the Elmwood Park Metra Station, allowing residents to easily commute or travel to downtown. Locally, they have access to retail and dining options along North Ave, as well as a bit further at River Forest Town Center. The property is also in close proximity to a number of schools, including Willard Elementary, Trinity High, Fenwick High School, Dominican University, and Concordia University. The neighborhood also borders the Thatcher Woods, offering plenty of space to enjoy the outdoors.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15-01-103-077-0000

ASK ABOUT THIS PROPERTY

Patrick KennellyInterra RealtyMore Info
312-724-7011

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Patrick KennellyInterra RealtyMore Info
312-724-7011

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