312-935-1420
1037 Howell Pl, Aurora, IL for Sale
Apartments - FOR SALE
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1037 Howell Pl
Aurora, IL 60505


HIGHLIGHTS

  • Tremendous Value-Add Opportunity: 25% of apartments renovated with proven upside in rents
  • Property Surrounded on 3 Sides by a 300 Acre Park with large lakes, sand kayak launch, golf course, tennis courts, pool amenities, and more
  • Minutes from suburban city centers, including Naperville

OVERVIEW

CBRE, Inc. has been retained as exclusive advisor and agent to sell Lakeview Residences, (the “Subject,” the “Property”), a Strong Value-Add Opportunity. 25% of apartments are fully renovated, with proven post-renovation rents. Buyers have the option of assuming a Very Low Interest Rate agency loan with 6 years remaining. Every apartment has panoramic views overlooking a large lake and 300-acre park with countless lifestyle amenities, listed below. The property is fully occupied. The views, lake, park, and amenities provide a strong attraction for residents. Lakeview Residences is comprised of 97 units with an attractive mix of Studio, 1 BR and 2 BR apartments. It is located between Naperville and Aurora, in Illinois, approximately 40 miles west of Chicago. It is located within the area of Chicago’s most dynamic and fastest growing suburban market. Lakeview presents investors with the opportunity to acquire a stabilized, partially renovated asset with substantial and de-risked upside and low interest rate financing in place

FOR SALE DETAILS

PRICE

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# OF UNITS

97

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

11

YEAR BUILT

1974

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

R-6, Aurora

APN/PARCEL ID

15-35-101-016,15-35-101-017

ASK ABOUT THIS PROPERTY

Justin RossCBRE | Greater Chicago MarketMore Info
312-935-1420

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Justin RossCBRE | Greater Chicago MarketMore Info
312-935-1420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.