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Multifamily

1800 N Taft Ave

1800 N Taft Ave, Berkeley, IL 60163

Listing Price: $1,100,000

Cap Rate
6.30%
Number of Units
9
Occupancy
95.0%
Price/Unit
$122,222
Price/Gross SF
$133.33
Gross SF
8,250

Investment Overview

Marcus & Millichap is pleased to present a nine-unit apartment property located at 1800 North Taft Avenue in Berkeley, Illinois. Berkeley is approximately 16 miles west of the Chicago Loop. The subject property is located approximately one mile to the Berkeley Metra Station (UP-W), and near Interstate 290, Interstate 294, and Interstate 88 allowing easy access to the City of Chicago and O’Hare International Airport. The subject property features one one-bedroom / one-bathroom unit (approximately 650 SF) and eight two-bedroom / one-bathroom units (approximately 950 square feet). Seven of the nine units have been completely gut-rehabbed, and two units feature select upgrades throughout. The building has received capital improvements including a new roof, newer parking lot and recently installed reinforced security doors. On-site, there is a coin operated laundry room and approximately 17 surface parking spaces. A new investor has the opportunity to acquire a well-located, renovated apartment building in a strong Berkeley rental market.

Investment Highlights

  • Strong Berkeley Location
  • Renovated Units
  • Recent Capital Improvements
  • Upside in Rent - Tenant-Paid Utilities
  • On-Site Parking Lot and Laundry Facility
  • Close to Major Highways

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Multifamily

1800 N Taft Ave

Listing Price: $1,100,000

Cap Rate
6.30%
Number of Units
9
Occupancy
95.0%
Price/Unit
$122,222
Price/Gross SF
$133.33
Gross SF
8,250

Investment Highlights

  • Strong Berkeley Location
  • Renovated Units
  • Recent Capital Improvements
  • Upside in Rent - Tenant-Paid Utilities
  • On-Site Parking Lot and Laundry Facility
  • Close to Major Highways

Investment Overview

Marcus & Millichap is pleased to present a nine-unit apartment property located at 1800 North Taft Avenue in Berkeley, Illinois. Berkeley is approximately 16 miles west of the Chicago Loop. The subject property is located approximately one mile to the Berkeley Metra Station (UP-W), and near Interstate 290, Interstate 294, and Interstate 88 allowing easy access to the City of Chicago and O’Hare International Airport. The subject property features one one-bedroom / one-bathroom unit (approximately 650 SF) and eight two-bedroom / one-bathroom units (approximately 950 square feet). Seven of the nine units have been completely gut-rehabbed, and two units feature select upgrades throughout. The building has received capital improvements including a new roof, newer parking lot and recently installed reinforced security doors. On-site, there is a coin operated laundry room and approximately 17 surface parking spaces. A new investor has the opportunity to acquire a well-located, renovated apartment building in a strong Berkeley rental market.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

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