14251 Pennsylvania Ave, Dolton, IL 60419
41 Unit Apartment Building | $3,485,000 ($85,000/Unit) | 6.97% Cap Rate | Dolton, IL 60419
For Sale
Active
Asking Price $3,485,000
- Property Type
-
Multifamily
- Square Feet
- 33,650 SF
Listing Contacts
Michael Duckler
Property Overview
Interra Realty has been exclusively engaged to market 14251, 61 & 14315 Pennsylvania, in the South Suburbs of Dolton, Illinois. The subject investment opportunity consists of three (3) buildings with 41 units total and ample amount off street parking. The buildings are walking distance to the Metra and Thornridge Highschool, in addition to easy access to I-57 & I-94 with close proximity to the Indiana border and 21 miles to downtown Chicago.
The unit mix comprises of eight (8) one-bedrooms, (33) two-bedrooms,. Ten (10) of the units have been fully renovated and ten (10) additional units have been partially renovated with laminate flooring, updated kitchens and original bathrooms. The units are heated by hot water baseboard heat and cooled via individual wall A/C units. There is common laundry at
each building and they are operator owned.
Investors have the opportunity to acquire rare scale in the South Suburbs and increase rents after renovating the remaining units by 32%.
The unit mix comprises of eight (8) one-bedrooms, (33) two-bedrooms,. Ten (10) of the units have been fully renovated and ten (10) additional units have been partially renovated with laminate flooring, updated kitchens and original bathrooms. The units are heated by hot water baseboard heat and cooled via individual wall A/C units. There is common laundry at
each building and they are operator owned.
Investors have the opportunity to acquire rare scale in the South Suburbs and increase rents after renovating the remaining units by 32%.
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 2
- Lot Size (sq. ft)
- 33,541 SF
- Units
- 41
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