1870 E Eagle St - Apartments FOR SALE


Kankakee, IL 60901
$500,000 USD
312-957-7189
1870 E Eagle St, Kankakee, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/13
null | 7.85% Cap Rate

1870 E Eagle St
Kankakee, IL 60901


HIGHLIGHTS

  • Transit Oriented Location
  • Downtown Kankakee
  • Value-Add Potential
  • Strong School District
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 1870 E Eagle Street in Kankakee, Illinois (the “Property”). The Property is comprised of three (3), two-story buildings and contains six (6), 3-Bedroom/1.5-Bathroom units with 6,600 square feet of living space in 8,000 square feet of gross area on a 0.49- acre parcel of land. The well-maintained Property features a private garage for each unit, ample on-site surface parking, and green space for the residents. The Property is well-located along E Eagle Street on the west side of the city. The Property is positioned across the street from Edison Elementary School in a quiet residential neighborhood within walking distance of the Kankakee River. The Property is 0.7-miles from Court Street (IL Route 17), the area’s primary commercial corridor, and 1-mile from downtown Kankakee which offers a number of retail, dining, employment and entertainment amenities. The Property also enjoys convenient access to the Kankakee Train Station, US Route 52, IL Routes 113 and 115, and Interstate 57. Kankakee is centrally located in Kankakee County and is roughly 52 miles south of Chicago.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,333

CAP RATE

7.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

-

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.