$1,760,000
$1,799,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/06/2020
Key Details
Sold Price $1,760,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10611101
Sold Date 03/06/20
Maintenance Fees $6,000
Year Built 1959
Annual Tax Amount $31,479
Tax Year 2018
Lot Dimensions 20000
Property Sub-Type Multi Family 5+
Property Description
This 17 unit apartment building is an excellent generational investment opportunity that will produce strong cash flows for many years to come. Centrally located in the DuPage county and about 10 minutes away from O'Hare airport, it is a great asset that attracts a strong tenant base. Located in the highly rated Elmhurst School district! This complex features 11 2 Bed 1 bath units, 6 1 Bed 1 bath units and 1 One Bed with Den and 1 bath. 11 out of 17 units have been fully remodeled within past 4 years. Most of them have new kitchens, new flooring, new bathrooms, and everything else. 17 storage lockers. Tenants for their own electric and cooking gas. Current monthly rent roll stands at $17,315 with additional laundry income of about $300 per month. This property is being marketed at a generous 7% cap rate. Newer boiler, newer roof (2015), parking lot sealed and stripped (2019). Don't miss out on this investment! Contact today.
Location
State IL
County Du Page
Area Bensenville
Interior
Fireplace N
Building
Level or Stories 2
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Bought with Jason Ricke • Ricke Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "