2610 Marigold Dr, Sauk Village, IL 60411
180 Unit Apartment Building | For Sale | Sauk Village, IL 60411
For Sale
Active
- Property Type
-
Multifamily
- Square Feet
- 150,140 SF
Listing Contacts
Michael Anguiano
Robert Berman
Property Overview
Essex Realty Group, Inc. has been engaged to exclusively market for sale Crossroads Apartments, a 10-building, 180-unit apartment complex located in Chicago's south suburb of Sauk Village at 2610 Marigold Dr.
This multifamily community features a favorable mix of mostly two and three bedroom units [66%]. Each building is thoroughly maintained by an onsite management team. Onsite amenities include a tennis court, common area laundry at every building, and ample parking with 307 parking stalls.
Ownership has recently renovated 79 apartment units and achieved 15% average rent premiums post-upgrade, allowing an incoming investor to enjoy higher in-place rents while leaving the opportunity to add value by upgrading the remaining 101 units.
This offering presents a rare opportunity to acquire immediate scale in the Chicago suburban market with the opportunity to add value, capture the rising rental market, and achieve above market cash-on-cash returns.
This multifamily community features a favorable mix of mostly two and three bedroom units [66%]. Each building is thoroughly maintained by an onsite management team. Onsite amenities include a tennis court, common area laundry at every building, and ample parking with 307 parking stalls.
Ownership has recently renovated 79 apartment units and achieved 15% average rent premiums post-upgrade, allowing an incoming investor to enjoy higher in-place rents while leaving the opportunity to add value by upgrading the remaining 101 units.
This offering presents a rare opportunity to acquire immediate scale in the Chicago suburban market with the opportunity to add value, capture the rising rental market, and achieve above market cash-on-cash returns.
Property Details
- Class
- C
- Year Built
- 1975
- Stories
- 2
- Lot Size (sq. ft)
- 217,800 SF
- Units
- 180
Highlights
- Professional Offering Memorandum Available Upon Request
- Favorable Mix of Majority [66%] Two and Three Bedroom Units
- 79 Units Recently Upgraded With New Floors, Countertops, and Cabinets
- Onsite Common Area Laundry and 307 Parking Spaces for Tenants
- Opportunity for Investor to Add Value by Upgrading Remaining Units and Achieving Premium Rents
Nearby Properties
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