Property Overview
Interra Realty is pleased to present a market analysis for the multifamily properties at 14613 Karlov & 14639 Keystone in Midlothian, Illinois. The subject investment opportunity consists of two buildings with 12 units total and 1:1 parking. The buildings are positioned in Midlothian, Illinois which is approximately 22 miles South of the downtown Chicago Loop. This location offers commuters convenient access downtown via the Hazel Crest Metra Train Station, Interstate 294, and many bus stops nearby.
The unit mix comprises of 5 2bdrs/1.5baths, 5 2bdrs/1baths & 2 1bdrs/1baths. The units are heated by hot water baseboard heat and cooled via individual wall A/C units. Each building has laundry facilities which are operator owned.
A new investor has the opportunity to increase rents by 24% in as-is condition at a 13%+ cash on cash return.
Highlights
- Increase rents by 24% in as-is condition at a 13%+ Cash on Cash Return
- Attractive Unit Mix with 5 2bdrs/1.5baths, 5 2bdr/1baths & 2 1bdrs/1baths
- Low Sale Velocity Market
- High Demand Location in Southwest Suburban