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Mobile Home Park

Peet's Mobile Home Park

1519 S Chicago St, Joliet, IL 60436

Listing Price: $1,440,000

Cap Rate
6.92%
Number of Spaces
32
Lot Size
4.19 acres
Occupancy
100.0%
Price/Space
$45,000
Spaces/Acre
7.64
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to present a 32-unit manufactured housing investment, located at 1519 South Chicago Street in Joliet, Illinois. The community covers 4.19 acres and includes 31 tenant-owned manufactured homes and one two-bedroom / one-bath single-family home, measuring approximately 1,400 square feet. This investment offers the opportunity to own a well-located mobile home community with the ability to implement rental increases to market rates.

Investment Highlights

  • 31 Tenant-Owned Manufactured Homes
  • One 1,400 Square-Foot Single-Family Home
  • 4.19-Acres
  • Good Visibility from Chicago Street (Route 53)
  • Water and Sewer Individually Metered and Billed by a Third Party
  • Ability to Raise Rents to Market Rates
  • Easy Access to Interstates 80, 55 and 355
  • Two Miles to Train Station Serviced by Metra Commuter Rail and Amtrak

Exclusively Listed By

Mobile Home Park

Peet's Mobile Home Park

Listing Price: $1,440,000

Cap Rate
6.92%
Number of Spaces
32
Lot Size
4.19 acres
Occupancy
100.0%
Price/Space
$45,000
Spaces/Acre
7.64
Year Built
1950

Investment Highlights

  • 31 Tenant-Owned Manufactured Homes
  • One 1,400 Square-Foot Single-Family Home
  • 4.19-Acres
  • Good Visibility from Chicago Street (Route 53)
  • Water and Sewer Individually Metered and Billed by a Third Party
  • Ability to Raise Rents to Market Rates
  • Easy Access to Interstates 80, 55 and 355
  • Two Miles to Train Station Serviced by Metra Commuter Rail and Amtrak

Investment Overview

Marcus & Millichap is pleased to present a 32-unit manufactured housing investment, located at 1519 South Chicago Street in Joliet, Illinois. The community covers 4.19 acres and includes 31 tenant-owned manufactured homes and one two-bedroom / one-bath single-family home, measuring approximately 1,400 square feet. This investment offers the opportunity to own a well-located mobile home community with the ability to implement rental increases to market rates.

Exclusively Listed By

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