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Multifamily

Minns Drive Townhomes

1040 Minns Dr, Machesney Park, IL 61115

Listing Price: $4,200,000

Cap Rate
7.32%
GRM
6.74
Occupancy
97.0%

Investment Overview

Marcus & Millichap is pleased to present Minns Drive Townhomes, a 36-unit townhome community located in Machesney Park, Illinois. Minns Drive Townhomes are being offered for sale on a free-and-clear basis.

Originally constructed in 2003, Minns Drive Townhomes have been upgraded with vinyl plank flooring and new appliance packages. The two-story buildings sit on 4.97 acres and feature 36 three-bedroom/two-bathroom units at approximately 1,600 square feet. The townhomes feature in-unit washers/dryers, semi galley kitchens, individual gas furnaces, dishwashers, fireplaces, balconies/patios, and attached garages. Owner pays water/sewer and trash while residents pay electric and heat.

Machesney Park is situated in northern Illinois, within the Rockford metropolitan area. It is located along the Rock River and is adjacent to the city of Rockford. The village is accessible by major highways, including Interstate 39. Located in the northern side of the village, Minns Drive Townhomes is conveniently located near many schools, parks, and businesses. Less than 2 miles away sits Harlem High School (1.0 mile), Williams Park Shore (1.4 miles) and Schnucks Grocery Store – Loves Park (1.6 miles).

Machesney Park offers various recreational opportunities for residents. Parks, sports facilities, and green spaces provide spaces for outdoor activities. The Rock Cut State Park, located nearby, is a popular destination for hiking, boating, and fishing. Moreover, the village is served by the Harlem School District, which provides educational services for students in the area. There are also nearby options for higher education in Rockford, including Rockford University and Rock Valley College, to name a few.

Investment Highlights

  • In-Unit Washer And Dryers | individual gas furnaces | dishwashers | fireplaces | semi galley kitchens
  • updated units with vinyl plank flooring & new appliance packages
  • 36 attached garages

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Multifamily

Minns Drive Townhomes

Listing Price: $4,200,000

Cap Rate
7.32%
GRM
6.74
Occupancy
97.0%

Investment Highlights

  • In-Unit Washer And Dryers | individual gas furnaces | dishwashers | fireplaces | semi galley kitchens
  • updated units with vinyl plank flooring & new appliance packages
  • 36 attached garages

Investment Overview

Marcus & Millichap is pleased to present Minns Drive Townhomes, a 36-unit townhome community located in Machesney Park, Illinois. Minns Drive Townhomes are being offered for sale on a free-and-clear basis. Originally constructed in 2003, Minns Drive Townhomes have been upgraded with vinyl plank flooring and new appliance packages. The two-story buildings sit on 4.97 acres and feature 36 three-bedroom/two-bathroom units at approximately 1,600 square feet. The townhomes feature in-unit washers/dryers, semi galley kitchens, individual gas furnaces, dishwashers, fireplaces, balconies/patios, and attached garages. Owner pays water/sewer and trash while residents pay electric and heat. Machesney Park is situated in northern Illinois, within the Rockford metropolitan area. It is located along the Rock River and is adjacent to the city of Rockford. The village is accessible by major highways, including Interstate 39. Located in the northern side of the village, Minns Drive Townhomes is conveniently located near many schools, parks, and businesses. Less than 2 miles away sits Harlem High School (1.0 mile), Williams Park Shore (1.4 miles) and Schnucks Grocery Store – Loves Park (1.6 miles). Machesney Park offers various recreational opportunities for residents. Parks, sports facilities, and green spaces provide spaces for outdoor activities. The Rock Cut State Park, located nearby, is a popular destination for hiking, boating, and fishing. Moreover, the village is served by the Harlem School District, which provides educational services for students in the area. There are also nearby options for higher education in Rockford, including Rockford University and Rock Valley College, to name a few.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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