Property Overview
Interra Realty has been exclusively engaged to market a 7-unit apartment building located at 8118 Marion Drive in Justice, IL. This Southwest Suburb is in close proximity to Seat GeekStadium and easy access to I-55 and I-294.
The unit mix consists of six (6) two-bedroom / one-bath apartments and one (1) one-bedroom / one-bath apartments.
The property has been well maintained throughout the course of ownership, featuring laminate countertops, updated bathroom vanities, re-painted cabinets, and tile flooring. Capital improvements to the properties include; patch-up work to the roof, replaced soffits, new windows (associated with updated units), and re-painted interior hallways.
The building's amenities feature secured entrances, dedicated storage room and common laundry machines.
Qualified investors have an opportunity to acquire an asset in a low sale velocity neighborhood with large rental upside.
Highlights
- Primarily Two-Bedroom Layouts
- Immediate Economies of Scale in a Low Sale Velocity Submarket
- Ability to Increase Rents by 20% in As-Is Condition
- In close proximity to Seat Geek Stadium, neighborhood schools, I-55 & I-294