91 E Adams St - Apartments FOR SALE


Manteno, IL 60950
$1,900,000 USD
312-361-1647
91 E Adams St, Manteno, IL for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 7.15% Cap Rate

91 E Adams St
Manteno, IL 60950


HIGHLIGHTS

  • New Construction Townhomes
  • Separately Metered Utilities
  • Value-Add Potential
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction multi-family investment property located at 91-103 E Adams Street in Manteno, Illinois (the “Property”). The Property is improved by a new construction two-story building and contains seven (7), 3-Bedroom/2.5-Bathroom Townhome units with 9,100 square feet of living area in 10,000 square feet of total gross area on 0.49-acre parcel of land. The Property offers in-unit laundry, attached one-car garages with private driveways, and ample green space for residents. The new construction townhomes are positioned in a quiet residential neighborhood and are seconds from the intersection of E Adams Street and S Locust Street (IL Route 50), the area’s primary commercial and commuter corridor. The Property is 0.3 miles from the center of Manteno, and offers convenient access to the area’s schools, businesses, retailers, and restaurants. The Property is also just 1 mile from Interstate 57 and 2.4 miles from US Highway 52. Manteno is in Will County, Illinois, nestled along Interstate 57 and Illinois Route 50, approximately 11 miles north of Kankakee, 27 miles southeast of Joliet, and 45 miles south of Chicago.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,429

CAP RATE

7.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

03-02-22-127-045

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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