Skip to main content

Multifamily

737 Grant Ave

737 Grant Ave, Chicago Heights, IL 60411

Listing Price: $1,749,000

Cap Rate
6.83%
Number of Units
30
Price/Unit
$58,300
Price/Gross SF
$87.45
Gross SF
20,000

Investment Overview

Marcus & Millichap is pleased to present this 30-unit multifamily property, built in 1962, located at 737-747 Grant Avenue in Chicago Heights, Illinois. The building’s unit mix is comprised of six studio / one-bathroom units, 18 one-bedroom / one-bathroom units, and six two-bedroom / one-bathroom units, measuring approximately 500, 650, and 800 square feet, respectively. Fifteen of the building’s units have been recently updated with new flooring, paint, appliances, and bathrooms. Recent capital improvements include a TPO roof and updated aluminum soffits. In addition, the property offers ample off-street parking. This investment offers the opportunity to acquire a well-maintained asset in a desirable Chicago Heights location, with the opportunity to add additional value by renovating the remaining units.

Investment Highlights

  • 15 Units Updated with Newer Flooring, Appliances, and Bathrooms
  • Ample Off-Street Parking
  • Two-Year-Old TPO Roof and Newer Soffits
  • Opportunity to Add Value by Renovating the Remaining Units
  • Easy Access to Interstates
  • One-Half Block to PACE Bus Stops on Halsted Street
  • Four Miles to the Olympia Fields Metra Train Station
  • Within One Mile of Public and Private Schools

Exclusively Listed By

Multifamily

737 Grant Ave

Listing Price: $1,749,000

Cap Rate
6.83%
Number of Units
30
Price/Unit
$58,300
Price/Gross SF
$87.45
Gross SF
20,000

Investment Highlights

  • 15 Units Updated with Newer Flooring, Appliances, and Bathrooms
  • Ample Off-Street Parking
  • Two-Year-Old TPO Roof and Newer Soffits
  • Opportunity to Add Value by Renovating the Remaining Units
  • Easy Access to Interstates
  • One-Half Block to PACE Bus Stops on Halsted Street
  • Four Miles to the Olympia Fields Metra Train Station
  • Within One Mile of Public and Private Schools

Investment Overview

Marcus & Millichap is pleased to present this 30-unit multifamily property, built in 1962, located at 737-747 Grant Avenue in Chicago Heights, Illinois. The building’s unit mix is comprised of six studio / one-bathroom units, 18 one-bedroom / one-bathroom units, and six two-bedroom / one-bathroom units, measuring approximately 500, 650, and 800 square feet, respectively. Fifteen of the building’s units have been recently updated with new flooring, paint, appliances, and bathrooms. Recent capital improvements include a TPO roof and updated aluminum soffits. In addition, the property offers ample off-street parking. This investment offers the opportunity to acquire a well-maintained asset in a desirable Chicago Heights location, with the opportunity to add additional value by renovating the remaining units.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower