Property Overview
Interra Realty has been exclusively engaged to market an 11-unit apartment building in the southwest suburb, Tinley Park. The unit mix consists of ten (10) 1Bdr/1Ba and one (1) 2Bdr/1.5Ba unit.
The building features electric base board heat and wall sleeve air conditioner units for cooling. Tenants pay for their electric, which includes heat. Additionally, the property features seventeen (17) parking spaces, thirteen (13) storage lockers, and an in-building laundry room, which generates supplemental income. Recent in-unit improvements seven (7) updated units featuring vinyl plank flooring, new bathroom vanities, replaced kitchen cabinets and formica countertops. Exterior capital Improvements include new roof (2019) and partial repair (2024), replaced water heater and sump pumps.
A qualified investor has the opportunity to acquire a well maintained property, with the ability to increase rents in as is condition by 22%.
Highlights
- Excellent Southwest Suburban Location in Cook County
- Walking Distance to the Metra Station & In-close Proximity to the Tinley Park School District
- Increase Rents by 22% in As-Is Condition
- Several Recent Capital Improvements (Roof, Mechanicals, Interior Units)