Skip to main content

Multifamily

Embassy Apartments

40 S Shaddle Ave, Mundelein, IL 60060

Listing Price: $11,000,000

Cap Rate
5.45%
Number of Units
70
Price/Unit
$157,143
Price/Gross SF
$160.58
Gross SF
68,500

Investment Overview

Marcus & Millichap is pleased to present this 70-unit apartment property, built in 1972, located at 40 South Shaddle Avenue in Mundelein, Illinois. The building is comprised of two studio / one-bathroom units, four one-bedroom / one-bathroom units and 64 two-bedroom / one and one-half bathroom units, measuring 550, 850 and 1,000 square feet, respectively. The property features ample off-street parking, designated tenant storage, and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • Desirable Unit Mix (Two Studio / One-Bathroom Units, Four One-Bedroom / One-Bathroom Units and 64 Two-Bedroom / One and One-Half Bathroom Units)
  • Renovated Units
  • Private Patios and Balconies
  • Designated Tenant Storage
  • Ample Off-Street Parking and On-Site Laundry Facility
  • Easy Access to Interstate 45, Route 60 and Route 21
  • Walking Distance to Mundelein Metra Station and Route 45 and Park Street PACE Bus Stop
  • Close Proximity to Retail and Dining Options and Surrounded by Numerous Schools and Recreational Parks

Exclusively Listed By

Multifamily

Embassy Apartments

Listing Price: $11,000,000

Cap Rate
5.45%
Number of Units
70
Price/Unit
$157,143
Price/Gross SF
$160.58
Gross SF
68,500

Investment Highlights

  • Desirable Unit Mix (Two Studio / One-Bathroom Units, Four One-Bedroom / One-Bathroom Units and 64 Two-Bedroom / One and One-Half Bathroom Units)
  • Renovated Units
  • Private Patios and Balconies
  • Designated Tenant Storage
  • Ample Off-Street Parking and On-Site Laundry Facility
  • Easy Access to Interstate 45, Route 60 and Route 21
  • Walking Distance to Mundelein Metra Station and Route 45 and Park Street PACE Bus Stop
  • Close Proximity to Retail and Dining Options and Surrounded by Numerous Schools and Recreational Parks

Investment Overview

Marcus & Millichap is pleased to present this 70-unit apartment property, built in 1972, located at 40 South Shaddle Avenue in Mundelein, Illinois. The building is comprised of two studio / one-bathroom units, four one-bedroom / one-bathroom units and 64 two-bedroom / one and one-half bathroom units, measuring 550, 850 and 1,000 square feet, respectively. The property features ample off-street parking, designated tenant storage, and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower