Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment building located at 41 East Blecke Avenue in Addison, Illinois. Addison is a village in DuPage County, known for its dense suburban feel, surrounded by numerous forest preserves, lakes, and nature trails, providing residents with plenty of leisure and recreational activities. Addison is located approximately 20 miles west of Chicago’s Loop and provides convenient access to Route 20, Route 83 and Interstates 290 and 355. The subject property is positioned approximately one and one-half miles south of the Villa Park Metra station and 12 miles south of O’Hare International Airport. 41 East Blecke Avenue consists of two studio / one-bathroom units (approximately 500 square feet) and 10 one-bedroom / one-bathroom units (approximately 750 square feet). Select units have updated kitchens, bathrooms, and vinyl plank flooring. Capital improvements include two Peerless boilers, front windows, soffits, and exterior walkways. The building features copper plumbing, laundry facilities, individual storage lockers, a private backyard, and a 22-car parking lot. This opportunity allows a new investor the ability to acquire a well-maintained property located in a desirable DuPage County neighborhood. New ownership will have the ability to increase cashflow by bringing rents to market through continued unit renovations and unbundling the parking and apartment rent.