1426 S 5th Ave - Apartments FOR SALE


Maywood, IL 60153
$1,650,000 USD
630-947-3526
1426 S 5th Ave, Maywood, IL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/7
null | 6.88% Cap Rate

1426 S 5th Ave
Maywood, IL 60153


HIGHLIGHTS

  • Well-maintained Mixed-Use Asset
  • Below Market Rents and Ability to Raise As-Is
  • Many Recent Capital Improvements - Electrical Service, Windows, Boiler & Fire Monitoring System
  • Ability to Acquire Scale within Near Western Suburb

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the mixed-use asset located at 1426 S. 5th Avenue in Maywood, IL. The subject investment opportunity consists of twenty one (21) apartments and four (4) retail spaces. The property is well-located in Maywood on 5th Avenue a few blocks South of Madison Street. The building is close to Proviso East High School, Garfield Elementary School, and PAEC Elementary School. Additionally, transportation options are convenient with I-290 nearby. The unit mix includes (2) studio units, (9) one bed / one bath units, (10) two bed / one bath units, and (4) retail spaces. The units have porches in the rear and are heated via boiler and cooled with individual A/C units. Recent capital improvements consist of new central boiler, new windows throughout, updated 800 AMP electric service with new panels in each unit and a fire monitoring system in the property. Qualified investors have the opportunity to acquire an improved mixed-use asset with future upside potential

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

25

PRICE/UNIT

$66,000

CAP RATE

6.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quincy Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B-4, Maywood

APN/PARCEL ID

15-14-135-012-0000

ASK ABOUT THIS PROPERTY

Paul WaterlooInterra RealtyMore Info
630-947-3526

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Paul WaterlooInterra RealtyMore Info
630-947-3526

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