603-603 1/2 Lincoln Ave - Apartments FOR SALE


Fox River Grove, IL 60021
$1,800,000 USD
781-776-4000
603-603 1/2 Lincoln Ave, Fox River Grove, IL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/12
null | 5.24% Cap Rate

603-603 1/2 Lincoln Ave
Fox River Grove, IL 60021


HIGHLIGHTS

  • Superior Location
  • Value-Add Potential
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 603-603.5 Lincoln Avenue in Fox River Grove, Illinois (the “Property”). The Property is improved with two (2), two-story buildings and contains twelve (12) residential units comprised of eleven (11), 2-Bedroom/1-Bathroom units and one (1) 3-Bedroom/1-Bathroom unit with 12,200 square feet of living area in 15,212 square feet of gross area on a 1.08-acre parcel. The Property also features an on-site laundry facility and twenty-four (24) on-site parking spaces. The Property is well-located along Lincoln Avenue, a quiet tree-lined street in a residential neighborhood that is seconds from the banks of the Fox River and Northwestern Highway (US Route 14), the area’s primary commercial and commuter corridor. The location offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 603- 603.5 Lincoln Avenue is ideally positioned for commuters with quick and convenient access to public transportation via the Fox River Grove METRA Station, US Route 14 and IL Routes 22, 31 and 62. Fox River Grove is a village in McHenry and Lake County and suburb of Chicago. The town lies about 40 miles northwest of Chicago’s urban landscape. Located along the banks of the Fox River, the place is aptly named and offers a stark contrast to the nearby city.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

12

PRICE/UNIT

$150,000

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,221 SF

ZONING

-

APN/PARCEL ID

20-19-276-016

ASK ABOUT THIS PROPERTY

Andrew O'ConnellHorvath & TremblayMore Info
781-776-4000

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Andrew O'ConnellHorvath & TremblayMore Info
781-776-4000

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