Multi-Family

Multi-Family Land Opportunity, NW Suburban Chicago

800 Galt Boulevard, Elgin, IL 60120

Listing Price: $1,700,000

Lot Size
34.23 acres
Price/Acre
$49,664
Land Type
Land
Buildable Square Feet
1,491,058

Investment Overview

Marcus & Millichap is pleased to present 100 percent fee simple interest in a +/- 34-acre parcel located on the far east side of the City of Elgin in northwest suburban (Chicago) Cook County, Illinois.

This offering presents a rare opportunity to develop a new multi-family community where very few new or newer communities exists within the local sub-market.

Major employment, shopping, and recreation are all located near the parcel; within a 15-minute drive there is over two million gross leasable square feet of retail, within a 20-minute drive there are over 275,000 employees, and O’Hare International Airport is a 25-minute drive away.




Investment Highlights

  • Strong Sub-Market for Rent Growth and Occupancy Rates
  • Limited Number of New Multi-Family Communities Under Construction, in Lease Up or Proposed
  • Limited Number of Potential Competing Multi-Family Communities that are Within 10-Years Old or Recently Rehabbed
  • Close to Major Employment, Retail and Recreation
  • Easy Access to Interstate 90 to the North and Interstate 290/355 to the East
  • Public Sanitary Sewer and Water are on the Parcel
  • There Appears to be no Wetlands and Flood Plain Located on the Parcel

Exclusively Listed By

Multi-Family

Multi-Family Land Opportunity, NW Suburban Chicago

Listing Price: $1,700,000

Lot Size
34.23 acres
Price/Acre
$49,664
Land Type
Land
Buildable Square Feet
1,491,058

Investment Highlights

  • Strong Sub-Market for Rent Growth and Occupancy Rates
  • Limited Number of New Multi-Family Communities Under Construction, in Lease Up or Proposed
  • Limited Number of Potential Competing Multi-Family Communities that are Within 10-Years Old or Recently Rehabbed
  • Close to Major Employment, Retail and Recreation
  • Easy Access to Interstate 90 to the North and Interstate 290/355 to the East
  • Public Sanitary Sewer and Water are on the Parcel
  • There Appears to be no Wetlands and Flood Plain Located on the Parcel

Investment Overview

Marcus & Millichap is pleased to present 100 percent fee simple interest in a +/- 34-acre parcel located on the far east side of the City of Elgin in northwest suburban (Chicago) Cook County, Illinois.

This offering presents a rare opportunity to develop a new multi-family community where very few new or newer communities exists within the local sub-market.

Major employment, shopping, and recreation are all located near the parcel; within a 15-minute drive there is over two million gross leasable square feet of retail, within a 20-minute drive there are over 275,000 employees, and O’Hare International Airport is a 25-minute drive away.




Exclusively Listed By

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