16-22 E Benton Ave - Apartments FOR SALE


Naperville, IL 60540- Downtown Naperville
$2,200,000 USD
630-984-4701
16-22 E Benton Ave, Naperville, IL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 4.9% Cap Rate

16-22 E Benton Ave
Naperville, IL 60540
Downtown Naperville


HIGHLIGHTS

  • Downtown Naperville
  • Walkable area
  • Strong history of occupancy
  • Updated units

OVERVIEW

Prime Downtown Naperville. Only 3 blocks from the Metra, heart of thriving downtown Naperville, on west edge of North Central College Campus. Building comprised of (10) 1Bd/Ba apartments and (1) 2Bd/2Ba apartment with coin laundry. All updated. Units have radiant heat an are cooled with air units. The building has been very well maintained and has a strong history of occupancy. Current rental rates are below market value rent for the area. Plenty of room to increase CAP rate with rental increases.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

11

PRICE/UNIT

$200,000

CAP RATE

4.9%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,140 SF

ZONING

B-5, Naperville

APN/PARCEL ID

07-13-420-008

ASK ABOUT THIS PROPERTY

CJ McCannKeller Williams Premiere PropertiesMore Info
630-984-4701

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CJ McCannKeller Williams Premiere PropertiesMore Info
630-984-4701

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