2033 Ridge Rd - Apartments FOR SALE


Homewood, IL 60430
$10,000,000 USD
630-570-2230
2033 Ridge Rd, Homewood, IL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/2
null | 5.97% Cap Rate

2033 Ridge Rd
Homewood, IL 60430


HIGHLIGHTS

  • Please reach out to learn more about the Tax Increment Financing structure.
  • Stoney Point Grill's 2nd Location Occupies the Entire 1st Floor of the Building, Established in 2005, Holds a Gaming License with Operational Machines
  • Amenities Include: Outdoor Terrace, Elevator, Bike Racks, Garage Parking and Off-Street Parking
  • Each Unit Features Designer Interiors, Stainless Steel Appliances, and In-Unit Washer and Dryer
  • Eighteen Year Tax Increment Financing of Approximately $9,450,000 with a Maximum Benefit of Seven Million Dollars
  • Located in the Heart of Downtown Homewood and Halsted Street Retail Corridor Located Two Miles East Via Ridge Road

OVERVIEW

Please reach out to learn more about the Tax Increment Financing structure.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

37

PRICE/UNIT

$270,270

CAP RATE

5.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hartford

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

29-31-310-023-0000,29-31-310-025-0000

ASK ABOUT THIS PROPERTY

Ryan EngleMarcus & MillichapMore Info
630-570-2230

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Ryan EngleMarcus & MillichapMore Info
630-570-2230

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