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Multifamily

14601 Karlov Ave

14601 Karlov Ave, Midlothian, IL 60445

Listing Price: $470,000

Cap Rate
6.20%
Number of Units
5
Price/Unit
$94,000
Price/Gross SF
$127.03
Gross SF
3,700

Investment Overview

Marcus & Millichap is pleased to present this 23-unit apartment portfolio available as a package or as individual buildings, built in 1966, located at 14601 & 14607 Karlov Avenue and 14608 & 14636 Keystone Avenue in Midlothian, Illinois. The buildings are comprised of one studio / one-bathroom garden unit, two one-bedroom / one-bathroom units, two one-bedroom / one-bathroom garden units, one one-bedroom / one-and-one-half-bathroom garden unit, 10 two-bedroom / one-bathroom units, four two-bedroom / one-and-one-half bathroom units, two two-bedroom / one-bathroom garden units, one two-bedroom / one-and-one-half-bathroom garden unit. The studio unit measures 500 square feet, the one-bedroom units measure 750 square feet, the two-bedroom / one-bathroom units measure 850 square feet and the two-bedroom / one-and-one-half-bathroom units measure 900 square feet. The properties feature ample off-street parking and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • Available as Portfolio or Individual Properties
  • Desirable Unit Mix (One Studio, Two One-Bedroom, and Two Two-Bedroom Units)
  • Ample Off-Street Parking
  • On-Site Laundry Facilities
  • Easy Access to Interstate 294 and Interstate 57
  • Less than One Mile from Midlothian Metra Station and Less than One-Half Mile from PACE Bus Stop
  • Close Proximity to Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks

Exclusively Listed By

Multifamily

14601 Karlov Ave

Listing Price: $470,000

Cap Rate
6.20%
Number of Units
5
Price/Unit
$94,000
Price/Gross SF
$127.03
Gross SF
3,700

Investment Highlights

  • Available as Portfolio or Individual Properties
  • Desirable Unit Mix (One Studio, Two One-Bedroom, and Two Two-Bedroom Units)
  • Ample Off-Street Parking
  • On-Site Laundry Facilities
  • Easy Access to Interstate 294 and Interstate 57
  • Less than One Mile from Midlothian Metra Station and Less than One-Half Mile from PACE Bus Stop
  • Close Proximity to Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks

Investment Overview

Marcus & Millichap is pleased to present this 23-unit apartment portfolio available as a package or as individual buildings, built in 1966, located at 14601 & 14607 Karlov Avenue and 14608 & 14636 Keystone Avenue in Midlothian, Illinois. The buildings are comprised of one studio / one-bathroom garden unit, two one-bedroom / one-bathroom units, two one-bedroom / one-bathroom garden units, one one-bedroom / one-and-one-half-bathroom garden unit, 10 two-bedroom / one-bathroom units, four two-bedroom / one-and-one-half bathroom units, two two-bedroom / one-bathroom garden units, one two-bedroom / one-and-one-half-bathroom garden unit. The studio unit measures 500 square feet, the one-bedroom units measure 750 square feet, the two-bedroom / one-bathroom units measure 850 square feet and the two-bedroom / one-and-one-half-bathroom units measure 900 square feet. The properties feature ample off-street parking and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

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