Multifamily

14600 Keystone Ave

Listing Price: $465,000

Cap Rate
7.26%
Number of Units
6
GRM
6.90
Occupancy
96.00%
Price/Unit
$77,500
Price/Gross SF
$94.90
Gross SF
4,900

Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment property located at 14600 Keystone Avenue in Midlothian, Illinois. Midlothian is a southwest village located approximately 23 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 83 and Interstate 294. The subject property sits one block from Pace bus stops 147th Street and Karlov Ave as well as 147th Street and Crawford/Pulaski Road, one and one-half mile to the Midlothian Metra Station and 13 miles south of Midway International Airport.

The flexicore-constructed property consists of one one-bedroom / one-bathroom unit (approximately 700 square feet) and five two-bedroom / one-bathroom units (approximately 800-850 square feet). The units contain laminate counter tops, hardwood and tile flooring and wood kitchen cabinets. Within the last ten years the property received a newer tear-off roof (approximately 2012) and newer windows (approximately 2012). 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 in a strong Midlothian rental market.

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: $465,000

Cap Rate
7.26%
Number of Units
6
GRM
6.90
Occupancy
96.00%
Price/Unit
$77,500
Price/Gross SF
$94.90
Gross SF
4,900

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 14600 Keystone Avenue in Midlothian, Illinois. Midlothian is a southwest village located approximately 23 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 83 and Interstate 294. The subject property sits one block from Pace bus stops 147th Street and Karlov Ave as well as 147th Street and Crawford/Pulaski Road, one and one-half mile to the Midlothian Metra Station and 13 miles south of Midway International Airport.

The flexicore-constructed property consists of one one-bedroom / one-bathroom unit (approximately 700 square feet) and five two-bedroom / one-bathroom units (approximately 800-850 square feet). The units contain laminate counter tops, hardwood and tile flooring and wood kitchen cabinets. Within the last ten years the property received a newer tear-off roof (approximately 2012) and newer windows (approximately 2012). 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 in a strong Midlothian rental market.

Exclusively Listed By

Financing By

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