Multifamily HUD

12837-45 Hoyne Ave

12837 Hoyne Ave, Blue Island, IL 60406

Listing Price: $950,000

Cap Rate
8.65%
Number of Units
18
GRM
5.44
Occupancy
94.00%
Price/Unit
$52,778
Price/Gross SF
$57.58
Gross SF
16,500

Investment Overview

Marcus & Millichap is pleased to present this mutlifamily opportunity in Blue Island, Illinois. The subject property is composed of 18 apartments and 20 on-site parking spaces. The units are an excellent mix of one and two-bedroom units. The subject property is a seven-minute walk to Metras Burr Oak and Prairie Street train stops and a four-minute drive to I-57. The property is also close to the very busy Western Avenue retail and dining corridor.

Investment Highlights

  • Located in Blue Island, Illinois
  • Great Unit Mix of One-bedroom and Two-bedroom Units
  • 20 On-Site Parking Spaces
  • Close Proximity to Western Avenue Retail and Dining
  • Just Four Blocks from Interstate 57
  • Steps from the Burr Oak and Prairie Street Metra Stations

Exclusively Listed By

  • Kyle A. Stengle

    Senior Vice President Investments

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

  • Jack Stanton

    Associate

    (312) 327-5463

    Email Jack

    License(s): IL: 475.184051

    Chicago Downtown

Listing Price: $950,000

Cap Rate
8.65%
Number of Units
18
GRM
5.44
Occupancy
94.00%
Price/Unit
$52,778
Price/Gross SF
$57.58
Gross SF
16,500

Investment Highlights

  • Located in Blue Island, Illinois
  • Great Unit Mix of One-bedroom and Two-bedroom Units
  • 20 On-Site Parking Spaces
  • Close Proximity to Western Avenue Retail and Dining
  • Just Four Blocks from Interstate 57
  • Steps from the Burr Oak and Prairie Street Metra Stations

Investment Overview

Marcus & Millichap is pleased to present this mutlifamily opportunity in Blue Island, Illinois. The subject property is composed of 18 apartments and 20 on-site parking spaces. The units are an excellent mix of one and two-bedroom units. The subject property is a seven-minute walk to Metras Burr Oak and Prairie Street train stops and a four-minute drive to I-57. The property is also close to the very busy Western Avenue retail and dining corridor.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Vice President Investments

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

  • Jack Stanton

    Associate

    (312) 327-5463

    Email Jack

    License(s): IL: 475.184051

    Chicago Downtown

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