Multifamily

14751 Kenton Ave

14751 Kenton Ave, Midlothian, IL 60445

Listing Price: $874,500

Cap Rate
8.99%
Number of Units
11
GRM
6.85
Occupancy
96.00%
Price/Unit
$79,500
Price/Gross SF
$95.57
Gross SF
9,150

Investment Overview

Marcus & Millichap is pleased to present an 11-unit apartment property located at 14751 Kenton 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 Knox Avenue as well as 147th Street and Kilbourn Avenue, one mile to the Midlothian Metra Station and 12.5 miles south of Midway International Airport.

The flexicore-constructed property consists of four one-bedroom / one-bathroom units (approximately 700-750 square feet), four two-bedroom / one-bathroom units (approximately 800-850 square feet) and three three-bedroom / one-bathroom units (approximately 950 square feet). The units contain laminate counter tops, newer hardwood and tile flooring, wood kitchen cabinets and individual balconies. The building features a newer roof (approximately 2016), newer window treatments, on-site laundry, storage lockers and approximately 15 parking spaces.

This opportunity allows an investor the ability to purchase a fully occupied flexicore-constructed property located in a quiet Midlothian neighborhood.

Investment Highlights

  • Ideal Unit Mix
  • Flexicore Construction
  • Tenant-Heated Units
  • Newer Roof
  • Individual Balconies
  • Ample Parking, On-Site Laundry and Storage

Exclusively Listed By

Financing By

Listing Price: $874,500

Cap Rate
8.99%
Number of Units
11
GRM
6.85
Occupancy
96.00%
Price/Unit
$79,500
Price/Gross SF
$95.57
Gross SF
9,150

Investment Highlights

  • Ideal Unit Mix
  • Flexicore Construction
  • Tenant-Heated Units
  • Newer Roof
  • Individual Balconies
  • Ample Parking, On-Site Laundry and Storage

Investment Overview

Marcus & Millichap is pleased to present an 11-unit apartment property located at 14751 Kenton 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 Knox Avenue as well as 147th Street and Kilbourn Avenue, one mile to the Midlothian Metra Station and 12.5 miles south of Midway International Airport.

The flexicore-constructed property consists of four one-bedroom / one-bathroom units (approximately 700-750 square feet), four two-bedroom / one-bathroom units (approximately 800-850 square feet) and three three-bedroom / one-bathroom units (approximately 950 square feet). The units contain laminate counter tops, newer hardwood and tile flooring, wood kitchen cabinets and individual balconies. The building features a newer roof (approximately 2016), newer window treatments, on-site laundry, storage lockers and approximately 15 parking spaces.

This opportunity allows an investor the ability to purchase a fully occupied flexicore-constructed property located in a quiet Midlothian neighborhood.

Exclusively Listed By

Financing By

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