7-Unit Condo Rental Glendale Heights IL Multi-Family FOR SALE


Glendale Heights, IL
$1,350,000 USD
630-333-3560
, Glendale Heights, IL for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/69
null | 6.81% Cap Rate

7-Unit Condo Rental Glendale Heights IL
Glendale Heights, IL


HIGHLIGHTS

  • Fully Occupied with Leases in Place
  • Strong In-Place Cash Flow
  • Opportunity to Raise Rents to Market Levels

OVERVIEW

FOR SALE: 7-Unit Condo Rental Portfolio – Glendale Heights, IL Addresses Included: 1246 Prairie Ave Unit A 1277 Prairie Ave Unit C 496 Darlene Ln Unit B 488 Darlene Ln Unit D 495 Sidney Ave Unit D 1295 Pearl Ave Unit D 418 James Ct Unit B This is a rare opportunity to acquire a stabilized 7-unit 2-bed/1-bath rental portfolio located across multiple buildings in a well-established residential pocket of Glendale Heights, IL. These condo units have been under the same long-term ownership for approximately 20 years, with ownership now looking to cash out of a legacy investment. All seven units are fully leased with long-term, stable tenants in place. These “sticky” renters have expressed no desire to relocate, providing a reliable and consistent income stream. Rents are currently below market, offering an immediate value-add opportunity through strategic rent increases without the need for major renovations. Investment Highlights: (7) Two-Bedroom / One-Bathroom Units Fully Occupied with Leases in Place Strong In-Place Cash Flow Opportunity to Raise Rents to Market Levels Proven Tenant Retention History Professionally Managed Community This is a turnkey portfolio perfect for investors seeking immediate cash flow with upside potential in a high-demand rental market. Whether you’re a seasoned operator looking to expand your portfolio or a new investor seeking stable returns, this Glendale Heights package checks all the boxes. Contact us today for rent roll, leases, financials, and to schedule a tour. Rocco-630.207.4434 Anthony-630.333.3560

ASK ABOUT THIS PROPERTY

Anthony CataneseColdwell Banker RealtyMore Info
630-333-3560

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Anthony CataneseColdwell Banker RealtyMore Info
630-333-3560

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