504 Highland Pky - Apartments FOR SALE


Itasca, IL 60143
$5,775,000 USD
630-789-8280
504 Highland Pky, Itasca, IL for Sale
$5,775,000 USD
Apartments - FOR SALE
1/24
null | 5.03% Cap Rate

504 Highland Pky
Itasca, IL 60143


HIGHLIGHTS

  • Significant upside by raising remaining units to market rent of $3,600/month, without any capital improvements needed.
  • Direct access to a scenic park located behind the property — a great amenity for tenants.
  • Ideally situated off (Route 53), just north of Lake Street — minutes from major thoroughfares, Itasca Metra Station, expressways, and O'Hare Airport
  • Perfect fit for a 1031 exchange looking to place ~$2M or for an investor seeking a high-quality, low-maintenance, cash-flowing asset

OVERVIEW

Highland Parkway Townhomes – Prime Investment Opportunity in Itasca Presenting an exceptional investment opportunity: a portfolio of 11 newer construction luxury townhomes located in the highly sought-after Highland Parkway Subdivision. Each unit features a spacious 3-bedroom, 2.5-bathroom floor plan, meticulously designed to deliver comfort, style, and functionality. The homes boast modern open-concept layouts, highlighted by gourmet kitchens with stainless steel appliances and large islands ideal for both everyday living and entertaining. The main living areas are enhanced with rich hardwood flooring, creating a warm and sophisticated atmosphere. Backing directly onto a picturesque park and tennis courts, residents enjoy a tranquil setting with built-in recreational amenities—perfect for families and outdoor enthusiasts alike. Strategically located just minutes from the Itasca Metra station, major highways, and O’Hare International Airport, this property offers unmatched convenience and connectivity for commuters and travelers. With stable in-place income and the opportunity to increase rents to market levels without capital improvements, this is a turnkey investment with significant upside potential. Please feel free to contact me directly: Anthony Catanese – (630) 333-3560 or Rocco Zaccaro – (630) 207-4434 Look forward to connecting!

FOR SALE DETAILS

PRICE

$5,775,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

11

PRICE/UNIT

$525,000

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#502,504,506,516,517,519,521,522,523,524,526

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,457 SF

ZONING

-

APN/PARCEL ID

02-12-402-026,02-12-402-027,02-12-402-028,02-12-402-029,02-12-402-030,02-12-402-031,02-12-402-032,02-12-402-033,02-12-402-034,02-12-402-035,02-12-402-036,02-12-402-037,02-12-402-038,02-12-402-039,02-12-402-040,02-12-402-041

ASK ABOUT THIS PROPERTY

Anthony CataneseColdwell Banker RealtyMore Info
630-789-8280

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

Anthony CataneseColdwell Banker RealtyMore Info
630-789-8280

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