Multifamily

14036 Kilpatrick Ave

14036 Kilpatrick Ave, Crestwood, IL 60445

Listing Price: $475,000

Cap Rate
8.15%
Number of Units
6
GRM
7.22
Occupancy
96.00%
Price/Unit
$79,167
Price/Gross SF
$98.96
Gross SF
4,800

Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment property located at 14036 Kilpatrick Avenue in Crestwood, Illinois. Crestwood is a southwest village located approximately 24 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 83 and Interstate 294. The subject property sits two blocks from Pace bus stops Cicero Avenue and 141st Street as well as Cicero Avenue and Midlothian Turnpike Pace, two miles to the Midlothian Metra Station and 11.5 miles south of Midway International Airport.

The flexicore-constructed property consists of three one-bedroom / one-bathroom units (approximately 750 square feet) and three two-bedroom / one-bathroom units (approximately 850 square feet). The units contain wood kitchen counter tops, carpet and tile flooring and wood kitchen cabinets. Within the last ten years the property received a newer tear-off roof (approximately 2018), newer boiler (approximately 2010) and a newer water heater (approximately 2010). The building provides the tenants with on-site laundry, storage lockers and approximately six parking spaces.

This opportunity allows an investor the ability to purchase a fully occupied flexicore-constructed property located steps from Ozinga Field.

Investment Highlights

  • Ideal Unit Mix
  • Flexicore Construction
  • Recent Capital Improvements
  • Close Proximity to Retail, Dining and Transportation
  • On-Site Laundry and Storage
  • Ample Parking

Exclusively Listed By

Financing By

Listing Price: $475,000

Cap Rate
8.15%
Number of Units
6
GRM
7.22
Occupancy
96.00%
Price/Unit
$79,167
Price/Gross SF
$98.96
Gross SF
4,800

Investment Highlights

  • Ideal Unit Mix
  • Flexicore Construction
  • Recent Capital Improvements
  • Close Proximity to Retail, Dining and Transportation
  • On-Site Laundry and Storage
  • Ample Parking

Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment property located at 14036 Kilpatrick Avenue in Crestwood, Illinois. Crestwood is a southwest village located approximately 24 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 83 and Interstate 294. The subject property sits two blocks from Pace bus stops Cicero Avenue and 141st Street as well as Cicero Avenue and Midlothian Turnpike Pace, two miles to the Midlothian Metra Station and 11.5 miles south of Midway International Airport.

The flexicore-constructed property consists of three one-bedroom / one-bathroom units (approximately 750 square feet) and three two-bedroom / one-bathroom units (approximately 850 square feet). The units contain wood kitchen counter tops, carpet and tile flooring and wood kitchen cabinets. Within the last ten years the property received a newer tear-off roof (approximately 2018), newer boiler (approximately 2010) and a newer water heater (approximately 2010). The building provides the tenants with on-site laundry, storage lockers and approximately six parking spaces.

This opportunity allows an investor the ability to purchase a fully occupied flexicore-constructed property located steps from Ozinga Field.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower