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Multifamily

Dryden Apartments

1 N Dryden Pl, Arlington Heights, IL 60004

Listing Price: $14,500,000

Cap Rate
5.82%
Number of Units
100
GRM
8.71
Price/Unit
$145,000
Price/Gross SF
$205.15
Gross SF
70,681

Investment Overview

Marcus & Millichap is pleased to present this 100-unit mixed-use property, built in 1960, located at 1-21 North Dryden Place in Arlington Heights, Illinois.

The building is comprised of 48 one-bedroom / one-bathroom units and 48 two-bedroom / one-bathroom units, measuring, on average, 625 and 725 square feet, respectively. There are four office units measuring, on average, 1,470 square feet. The property includes 51 renovated units. The property features ample off-street parking, bike racks, courtyard, a business center, and an on-site laundry facility.

This investment offers an investor the opportunity to acquire a well-maintained asset in a phenomenal
location, offering a significant upside in rent by completing unit renovation.

Investment Highlights

  • Desirable Unit Mix of 48 One-Bedroom / One-Bathroom Units, 48 Two-Bedroom / One-Bathroom Units, and Four Office Units
  • 51 Renovated Units and Amenities Include: Ample Off-Street Parking, Bike Racks, Courtyard, Business Center, and On-Site Laundry Facility
  • Desirable Arlington Heights Location
  • Easy Access to Interstate 290, Route 14 and Route 12, One Mile to Arlington Heights Downtown and Metra Station
  • Close Proximity to Retail and Dining Options including Mariano's and Culver's
  • Near Windsor Elementary School and A Part of Township High School District 214, Ranked Number 22 in Illinois. Rankings, According to US News
  • Surrounded by Recreational Parks, including Recreation Park
  • Median Household Income within One Mile is $109,507

Exclusively Listed By

Multifamily

Dryden Apartments

Listing Price: $14,500,000

Cap Rate
5.82%
Number of Units
100
GRM
8.71
Price/Unit
$145,000
Price/Gross SF
$205.15
Gross SF
70,681

Investment Highlights

  • Desirable Unit Mix of 48 One-Bedroom / One-Bathroom Units, 48 Two-Bedroom / One-Bathroom Units, and Four Office Units
  • 51 Renovated Units and Amenities Include: Ample Off-Street Parking, Bike Racks, Courtyard, Business Center, and On-Site Laundry Facility
  • Desirable Arlington Heights Location
  • Easy Access to Interstate 290, Route 14 and Route 12, One Mile to Arlington Heights Downtown and Metra Station
  • Close Proximity to Retail and Dining Options including Mariano's and Culver's
  • Near Windsor Elementary School and A Part of Township High School District 214, Ranked Number 22 in Illinois. Rankings, According to US News
  • Surrounded by Recreational Parks, including Recreation Park
  • Median Household Income within One Mile is $109,507

Investment Overview

Marcus & Millichap is pleased to present this 100-unit mixed-use property, built in 1960, located at 1-21 North Dryden Place in Arlington Heights, Illinois. The building is comprised of 48 one-bedroom / one-bathroom units and 48 two-bedroom / one-bathroom units, measuring, on average, 625 and 725 square feet, respectively. There are four office units measuring, on average, 1,470 square feet. The property includes 51 renovated units. The property features ample off-street parking, bike racks, courtyard, a business center, and an on-site laundry facility. This investment offers an investor the opportunity to acquire a well-maintained asset in a phenomenal location, offering a significant upside in rent by completing unit renovation.

Exclusively Listed By

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