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Multifamily

1478 &1492 Glencoe Avenue

1478 Glencoe Ave, Highland Park, IL 60035

Listing Price: $2,150,000

Cap Rate
2.99%
Number of Units
12
GRM
12.60
Price/Unit
$179,167
Price/Gross SF
$193.69
Gross SF
11,100

Investment Overview

Marcus & Millichap is pleased to present this 12-unit apartment property, built in 1900 and 1977, located at 1478 & 1492 Glencoe Avenue in Highland Park, Illinois.

The buildings are comprised of 11 two-bedroom / one-bathroom units and one three-bedroom / one-bathroom / den unit, measuring, on average, 882 and 1,400 square feet each, respectively. The property features ample off-street parking, designated tenant storage, on-site laundry facilities, a newer roof, and a large courtyard.

The buildings have been meticulously well-maintained by a long-term owner in a quiet residential neighborhood.

This investment presents an investor a value-add opportunity to acquire a property in a prime location, offering a significant upside in rent through comprehensive unit renovation.

Investment Highlights

  • Desirable Unit Mix of Mostly Two-Bedroom Units
  • Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facilities, Newer Roof, and Large Courtyard
  • Meticulously Well Kept by Long-Term Owner
  • Easy Access to Interstate 94 and Route 41
  • Walking Distance to Downtown Highland Park, Highland Park Metra Station and PACE Bus Stop
  • Close Proximity to Retail Options including Sunset Foods and Nearby Dining Options include The BBQ Pit and Starbucks
  • Near Highland Park High School, Elm Place Middle School, and Indian Trail Elementary School and Surrounded by Recreational Parks, including Lincoln Park and Sunset Woods Park
  • Median Household Income within One Mile is $126,565

Exclusively Listed By

Multifamily

1478 &1492 Glencoe Avenue

Listing Price: $2,150,000

Cap Rate
2.99%
Number of Units
12
GRM
12.60
Price/Unit
$179,167
Price/Gross SF
$193.69
Gross SF
11,100

Investment Highlights

  • Desirable Unit Mix of Mostly Two-Bedroom Units
  • Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facilities, Newer Roof, and Large Courtyard
  • Meticulously Well Kept by Long-Term Owner
  • Easy Access to Interstate 94 and Route 41
  • Walking Distance to Downtown Highland Park, Highland Park Metra Station and PACE Bus Stop
  • Close Proximity to Retail Options including Sunset Foods and Nearby Dining Options include The BBQ Pit and Starbucks
  • Near Highland Park High School, Elm Place Middle School, and Indian Trail Elementary School and Surrounded by Recreational Parks, including Lincoln Park and Sunset Woods Park
  • Median Household Income within One Mile is $126,565

Investment Overview

Marcus & Millichap is pleased to present this 12-unit apartment property, built in 1900 and 1977, located at 1478 & 1492 Glencoe Avenue in Highland Park, Illinois. The buildings are comprised of 11 two-bedroom / one-bathroom units and one three-bedroom / one-bathroom / den unit, measuring, on average, 882 and 1,400 square feet each, respectively. The property features ample off-street parking, designated tenant storage, on-site laundry facilities, a newer roof, and a large courtyard. The buildings have been meticulously well-maintained by a long-term owner in a quiet residential neighborhood. This investment presents an investor a value-add opportunity to acquire a property in a prime location, offering a significant upside in rent through comprehensive unit renovation.

Exclusively Listed By

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