CROSSROADS APARTMENTS

Property Overview

2610 MARIGOLD DRIVE, SAUK VILLAGE, IL 60411

Interra Realty has been exclusively engaged to market the Crossroads Apartments. The subject property is a 180 unit apartment community located in Sauk Village, Illinois, a southeast suburb of Chicago

The unit mx is comprised of twenty (20) studio, sixty (60) one-bedroom, eighty (80) two-bedroom and twenty (20) three-bedroom, two-bath apartments spread across ten (10) uniform buildings. One of the three-bedroom units has been converted into an on-site property management and leasing office. Current ownership has renovated fifty (50) apartments with new vinyl plank flooring, new countertops and cabinetry. This value-add strategy has resulted in an average rental premium of 14% and represents a 60% return on cost.

Highlights

  • Suburban Apartment Community Offering Immediate Scale
  • Significant Value-Add Program Remaining (Approx. 72%) Via Proven Business Model
  • Renovated Units Achieving 14% Rental Premium and Represent 60% Return on Cost
  • Professionally Managed Property with Community Amenities
  • 1.7:1 Parking (307 Spaces)

Key Details

Price
Call For Pricing
NUMBER OF UNITS
180
NUMBER OF BUILDINGS
10
FINANCING
Free & Clear of Existing Debt
LOT SIZE
10.45 Acres
YEAR BUILT
1970