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Multifamily

The Grand Elm

7353-7355 W Grand Ave, Elmwood Park, IL 60707

Listing Price: $3,300,000

Cap Rate
6.45%
Number of Units
12
GRM
9.47
Price/Unit
$275,000
Price/Gross SF
$275.00
Gross SF
12,000

Investment Overview

Marcus & Millichap is pleased to present this 12-unit apartment property, built in 2019, located at 7353-7355 West Grand Avenue in Elmwood Park, Illinois.

The building is comprised of 12 two-bedroom / two-bathroom units, measuring on average, approximately 1,000 square feet each. The property features ample off-street parking, garage parking, large units and is tenant heated. Each unit features a balcony, in-unit washer and dryer, and stainless-steel appliances.

This investment offers an investor the opportunity to acquire a newly constructed, stabilized asset that immediately establishes a significant presence in a high-demand rental market.

Investment Highlights

  • Desirable Unit Mix of Two-Bedroom Units
  • New Construction, Ample Off-Street Parking, Garage Parking, Large Units, and Tenant Heated
  • Each Unit Features a Balcony, In-Unit Washer and Dryer, and Stainless-Steel Appliances
  • Easy Access to Route 43 and Route 64
  • Walking Distance to Elmwood Metra Station and Grand Avenue PACE Bus Stop and Eight Miles from O'Hare International Airport
  • Close Proximity to Retail Options including Angelo Caputo's Fresh Markets and Nearby Dining Options include Culver's and Local Dining Options
  • Close to Elmwood Public Library, Elmwood Park High School and Central Park
  • Average Household Income within Three Miles is $100,584

Exclusively Listed By

Listing Price: $3,300,000

Cap Rate
6.45%
Number of Units
12
GRM
9.47
Price/Unit
$275,000
Price/Gross SF
$275.00
Gross SF
12,000

Investment Highlights

  • Desirable Unit Mix of Two-Bedroom Units
  • New Construction, Ample Off-Street Parking, Garage Parking, Large Units, and Tenant Heated
  • Each Unit Features a Balcony, In-Unit Washer and Dryer, and Stainless-Steel Appliances
  • Easy Access to Route 43 and Route 64
  • Walking Distance to Elmwood Metra Station and Grand Avenue PACE Bus Stop and Eight Miles from O'Hare International Airport
  • Close Proximity to Retail Options including Angelo Caputo's Fresh Markets and Nearby Dining Options include Culver's and Local Dining Options
  • Close to Elmwood Public Library, Elmwood Park High School and Central Park
  • Average Household Income within Three Miles is $100,584

Investment Overview

Marcus & Millichap is pleased to present this 12-unit apartment property, built in 2019, located at 7353-7355 West Grand Avenue in Elmwood Park, Illinois. The building is comprised of 12 two-bedroom / two-bathroom units, measuring on average, approximately 1,000 square feet each. The property features ample off-street parking, garage parking, large units and is tenant heated. Each unit features a balcony, in-unit washer and dryer, and stainless-steel appliances. This investment offers an investor the opportunity to acquire a newly constructed, stabilized asset that immediately establishes a significant presence in a high-demand rental market.

Exclusively Listed By

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