150 Meadows Rd N - Apartments FOR SALE


Bourbonnais, IL 60914
$800,000 USD
312-957-7189
150 Meadows Rd N, Bourbonnais, IL for Sale
$800,000 USD
Apartments - FOR SALE
1/14
null | 6.73% Cap Rate

150 Meadows Rd N
Bourbonnais, IL 60914


HIGHLIGHTS

  • 8 Unit Multi-Family Property
  • Convenient Location
  • Value-Add Opportunity
  • Strong School District

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 150 Meadows Road N in Bourbonnais, Illinois (the “Property”). 150 Meadows Road N is improved by a two-story brick building with eight (8) residential units comprised of one (1), 1-Bedroom/1-Bathroom unit and seven (7), 2-Bedroom/1-Bathroom units with 6,300 square feet of living area in 7,500 total square feet on a 0.51 acre parcel of land. The Property is separately metered for electricity, heat (electric) and hot water (electric), which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property offers an on-site laundry facility, ample green space and sixteen (16) on-site parking spaces. The Property is well-located in a quiet residential neighborhood, seconds from N Convent Street (US Route 52), the area’s primary commercial and commuter corridor. The Property is within walking distance from the municipal bus line and is close to major area roadways including US Route 52, IL-102, IL-50, and Interstate 57. 150 Meadows Road N offers convenient access to national and local retailers and restaurants, area schools, Olivet Nazarene University, the Kankakee Amtrak Station and two hospitals. Bourbonnais is centrally located in Kankakee County and is roughly 50 miles south of Chicago.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

8

PRICE/UNIT

$100,000

CAP RATE

6.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

17-09-17-104-067

ASK ABOUT THIS PROPERTY

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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