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4 Unit Apartment Building For Sale

$359,000.00
  • Area 900 sq ft
  • Floors 1
  • Bedrooms 2
  • Bathrooms 1

Description

Marcus & Millichap is pleased to present to market this very well-maintained and upgraded four-unit multi-family property in DeKalb, Illinois. This investment offering provides upside in rental income, as well as an owner-occupied investment opportunity with low down payment residential financing. Each spacious two-bedroom / one-bathroom unit has separately metered tenant-paid electric baseboard heat and landlord owned new sleeve air-conditioning units and ceiling fans. The layout of each unit is a very rentable, tenant favored, open concept living room, and dining area; and kitchen appointed with newer matching glass top stoves, refrigerators, and dishwashers. Amenities include a separate four-car garage and one off-street parking space, one set of newer landlord-owned coin-operated commercial washer and dryer, secure entry, recently finished interior hallway entrances, rear decks (upper units), and landscaped yard area. DeKalb, home of Northern Illinois University, Illinois third-largest campus is approximately 55 miles west of Chicago. Other large employers include Northwestern Medicine, Nestle, Target, 3M, Panduit, Ferrara Pan Candy Co. and soon to be Facebook building, an $800 million data center in DeKalb.

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Exterior Property Information

  • Sale Status: Active
  • Parking Spaces: 8
  • Net Operating Income: 22117 space(s) / 1,000 ft.2
  • Price: $359,000.00
  • Gross Operating Income: 40473
  • Occupancy Rate: 100.00 %
  • Operating Expenses: $ 18356
  • Year Built: 1980

Exterior Features

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Randolph

Oakbrook Terrace, Illinois, 60181

Marcus & Millichap

Oakbrook Terrace, IL, 60181
(630) 344-9355
rtaylor@creconsult.net