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/2Ba 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 17 parking spaces, 13 storage lockers, and an in-building laundry room, which generates supplemental income. Recent in-unit improvements include new flooring and updated bathroom vanities.

All of the other properties on this block were developed as condominiums. The current ownership has taken pride in the maintenance of the asset. A qualified investor has the opportunity to acquire a well maintained property, with the ability to increase rents in as is condition.

Highlights

  • Excellent Southwest Suburban Location in Cook County
  • Walking Distance to the Metra Station & In Close Proximity to the Tinley Park School District
  • Well-Maintained Property with a Value-Add Opportunity
  • Several Recent Capital Improvements

Key Details

Asking Price
$925,000
Number of Units
11
Lot Size
11,020 SF
Building Size
5,500 SF
Cap Rate
7.18%
Year Built
1966