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Multifamily

14501 Torrence Ave

14501 Torrence Ave, Burnham, IL 60633

Listing Price: $1,548,000

Cap Rate
6.01%
Number of Units
24
Price/Unit
$64,500
Price/Gross SF
$88.46
Gross SF
17,500

Investment Overview

Marcus & Millichap is pleased to present this 24-unit multifamily property, built in 1965, located at 14501-14511 South Torrence Avenue in Burnham, Illinois. The building’s unit mix is comprised of 12 one-bedroom / one-bathroom units and 12 two-bedroom / one-bathroom units, measuring approximately 650 square feet and 775 square feet, respectively. The property features 14 updated units. Several capital improvements have been made to the property within the last five years, including a TPO roof, paved parking lot, and new stairwell flooring. The building also features flexicore construction, newer windows and boiler, and ample off-street parking. This investment offers the opportunity to acquire a well-maintained asset in a high-visibility Burnham location, with the potential to add value through additional unit renovations.

Investment Highlights

  • 14 Units Recently Updated with New Flooring, Appliances, and Bathrooms
  • Capital Improvements in Last Five Years: New PTO Roof, Paved Parking Lot, and New Stairwell Flooring
  • Newer Windows and Boiler
  • Flexicore Construction
  • Ample Off-Street Parking
  • Ability to Add Value by Renovating the Remaining Units
  • Easy Access to Interstate 94 and Route 83
  • Close to Commuter Train and Bus Stops

Exclusively Listed By

Multifamily

14501 Torrence Ave

Listing Price: $1,548,000

Cap Rate
6.01%
Number of Units
24
Price/Unit
$64,500
Price/Gross SF
$88.46
Gross SF
17,500

Investment Highlights

  • 14 Units Recently Updated with New Flooring, Appliances, and Bathrooms
  • Capital Improvements in Last Five Years: New PTO Roof, Paved Parking Lot, and New Stairwell Flooring
  • Newer Windows and Boiler
  • Flexicore Construction
  • Ample Off-Street Parking
  • Ability to Add Value by Renovating the Remaining Units
  • Easy Access to Interstate 94 and Route 83
  • Close to Commuter Train and Bus Stops

Investment Overview

Marcus & Millichap is pleased to present this 24-unit multifamily property, built in 1965, located at 14501-14511 South Torrence Avenue in Burnham, Illinois. The building’s unit mix is comprised of 12 one-bedroom / one-bathroom units and 12 two-bedroom / one-bathroom units, measuring approximately 650 square feet and 775 square feet, respectively. The property features 14 updated units. Several capital improvements have been made to the property within the last five years, including a TPO roof, paved parking lot, and new stairwell flooring. The building also features flexicore construction, newer windows and boiler, and ample off-street parking. This investment offers the opportunity to acquire a well-maintained asset in a high-visibility Burnham location, with the potential to add value through additional unit renovations.

Exclusively Listed By

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