Property Overview

Interra Realty has been exclusively engaged to market the two (2) building portfolio in a prime market of Chicago's South Suburbs, located in Burnham, IL. The twenty-four (24) unit offering consists of ten (10) two-bedrooms and fourteen (14) one-bedroom apartments.

All apartments have been well maintained with new kitchens and bathroom vanities. The units feature tile flooring all throughout, formica countertops and updated cabinetry. The buildings are heated through hot water baseboard heat and cooled through window sleeve a/c units.

The buildings are outfitted with secured entrances, storage lockers, one (1) washer and one (1) dryer (owned by the landlord) at each property.

Qualified investors have the opportunity to increase rents in As-Is condition by 12%+.

Highlights

  • Well-Maintained 2 Building Portfolio with an Attractive Unit Mix
  • Immediate Economies of Scale in a Low Sale Velocity Submarket
  • Ability to Increase Rents In As-Is Condition by 12%+
  • Convenient to Expressway, Public Transportation and Retail Shopping.

Key Details

Sale Price
$1,700,000
Number of Units
Twenty-Four (24)
Submarket
Burnham