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Multifamily

2256 Nichols Rd

2256 Nichols Rd, Arlington Heights, IL 60004

Listing Price: $850,000

Cap Rate
6.11%
Number of Units
6
GRM
8.53
Price/Unit
$141,667
Price/Gross SF
$150.44
Gross SF
5,650

Investment Overview

Marcus & Millichap is pleased to present this six-unit apartment property, built in 1980, located at 2256 Nichols Road in Arlington Heights, Illinois.

The building is comprised of one one-bedroom / one-bathroom unit and five two-bedroom / one-bathroom units, measuring approximately 650 and 1,000 square feet, respectively. The property features ample off-street parking, balconies and patios for each unit, and is part of an association.

This investment offers an investor the opportunity to acquire a stabilized asset in a desirable location with a potential upside through increasing rents.

Investment Highlights

  • Great Unit Mix of Mostly One-Bedroom and Two-Bedroom Units
  • Ample Off-Street Parking and Balconies and Patios for Each Unit
  • Desirable Arlington Heights Location
  • Easy Access to Route 53S, Route 68 and Route 12 and Five Miles to Palatine Metra Station
  • Close Proximity to Retail Options including Jewel Osco, Walmart and Aldi
  • Nearby Dining Options include Starbucks, Denny's and Domino's Pizza
  • Near Palatine High School and A Part of Township High School District 211
  • Surrounded by Recreational Parks, including Creekside Park

Exclusively Listed By

Multifamily

2256 Nichols Rd

Listing Price: $850,000

Cap Rate
6.11%
Number of Units
6
GRM
8.53
Price/Unit
$141,667
Price/Gross SF
$150.44
Gross SF
5,650

Investment Highlights

  • Great Unit Mix of Mostly One-Bedroom and Two-Bedroom Units
  • Ample Off-Street Parking and Balconies and Patios for Each Unit
  • Desirable Arlington Heights Location
  • Easy Access to Route 53S, Route 68 and Route 12 and Five Miles to Palatine Metra Station
  • Close Proximity to Retail Options including Jewel Osco, Walmart and Aldi
  • Nearby Dining Options include Starbucks, Denny's and Domino's Pizza
  • Near Palatine High School and A Part of Township High School District 211
  • Surrounded by Recreational Parks, including Creekside Park

Investment Overview

Marcus & Millichap is pleased to present this six-unit apartment property, built in 1980, located at 2256 Nichols Road in Arlington Heights, Illinois. The building is comprised of one one-bedroom / one-bathroom unit and five two-bedroom / one-bathroom units, measuring approximately 650 and 1,000 square feet, respectively. The property features ample off-street parking, balconies and patios for each unit, and is part of an association. This investment offers an investor the opportunity to acquire a stabilized asset in a desirable location with a potential upside through increasing rents.

Exclusively Listed By

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