213 Highland Ave - Apartments FOR SALE


Lockport, IL 60441
$650,000 USD
312-957-7189
213 Highland Ave, Lockport, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/15
null | 7.81% Cap Rate

213 Highland Ave
Lockport, IL 60441


HIGHLIGHTS

  • Superior Location
  • Value-Add Potential
  • Brick Construction
  • Separate Utilities
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 213 Robson Drive in Lockport, Illinois (the “Property”). The Property is improved by a two-story building and contains four (4) 2-Bedroom/1-Bathroom residential units with 4,000 square feet of living area in 5,000 square feet of total area on a 0.2-acre corner parcel of land. The Property features onsite parking for eight (8) vehicles. The Property is situated at the intersection of Robson Drive and Highland Avenue in the center of Lockport. The Property is surrounded by dense residential neighborhoods and is 500 feet from W 159th Street (IL Route 7), a primary commuter road, and 0.3-miles from Farrell Road, the area’s primary commercial corridor. The location offers convenient access to grocers, restaurants, retail amenities, and outdoor activities. 213 Robson Drive is ideally positioned for commuters with quick and convenient access to public transportation including Metra commuter rail service on the Heritage Corridor line, bus service on the Pace bus line, as well as Interstate 355. Lockport is a city in Will County, 30 miles southwest of the Chicago Loop and offers convenient access to the city via Interstates and public transit.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

4

PRICE/UNIT

$162,500

CAP RATE

7.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,803 SF

ZONING

-

APN/PARCEL ID

04-13-408-004

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.