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Multifamily

Park Townhomes

1900 Green Bay Rd, Highland Park, IL 60035

Listing Price: $12,000,000

Cap Rate
5.98%
Number of Units
40
GRM
11.47
Price/Unit
$300,000
Price/Gross SF
$361.01
Gross SF
33,240

Investment Overview

Marcus & Millichap is pleased to present this 40-unit apartment property, built in 1960, located at 1900 Green Bay Road in Highland Park, Illinois.

The building is comprised of 32 one-bedroom / one and one-half bathroom townhouse units and eight two-bedroom / one and one-half bathroom townhouse units, measuring, on average, approximately 765 and 1,095 square feet, respectively. The property features fully renovated units and common areas, a courtyard, ample off-street parking, designated tenant storage and is pet friendly. Each townhouse-style unit features in-unit washer and dryer and is tenant-heated.

This investment offers an investor the opportunity to acquire a fully renovated, turn-key asset in an affluent location within walking distance of downtown Highland Park, Illinois.

Investment Highlights

  • Desirable Unit Mix of One-Bedroom and Two-Bedroom Townhouse Units
  • Fully Renovated Units and Common Areas
  • Courtyard, Ample Off-Street Parking, Designated Tenant Storage, Pet Friendly, In-Unit Washer and Dryer and Tenant-Heated
  • Easy Access to Route 41
  • Walking Distance to Downtown Highland Park, Highland Park Metra Station, and PACE Bus Stops
  • Near Sunset Woods Park and Highland Park High School
  • A Part of Township High School District 113, Ranked #32 in Illinois Rankings, According to US News
  • Median Household Income within One Mile is $100,148

Exclusively Listed By

Multifamily

Park Townhomes

Listing Price: $12,000,000

Cap Rate
5.98%
Number of Units
40
GRM
11.47
Price/Unit
$300,000
Price/Gross SF
$361.01
Gross SF
33,240

Investment Highlights

  • Desirable Unit Mix of One-Bedroom and Two-Bedroom Townhouse Units
  • Fully Renovated Units and Common Areas
  • Courtyard, Ample Off-Street Parking, Designated Tenant Storage, Pet Friendly, In-Unit Washer and Dryer and Tenant-Heated
  • Easy Access to Route 41
  • Walking Distance to Downtown Highland Park, Highland Park Metra Station, and PACE Bus Stops
  • Near Sunset Woods Park and Highland Park High School
  • A Part of Township High School District 113, Ranked #32 in Illinois Rankings, According to US News
  • Median Household Income within One Mile is $100,148

Investment Overview

Marcus & Millichap is pleased to present this 40-unit apartment property, built in 1960, located at 1900 Green Bay Road in Highland Park, Illinois. The building is comprised of 32 one-bedroom / one and one-half bathroom townhouse units and eight two-bedroom / one and one-half bathroom townhouse units, measuring, on average, approximately 765 and 1,095 square feet, respectively. The property features fully renovated units and common areas, a courtyard, ample off-street parking, designated tenant storage and is pet friendly. Each townhouse-style unit features in-unit washer and dryer and is tenant-heated. This investment offers an investor the opportunity to acquire a fully renovated, turn-key asset in an affluent location within walking distance of downtown Highland Park, Illinois.

Exclusively Listed By

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