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Multifamily

740 Sheridan Rd

740 Sheridan Rd, Highwood, IL 60040

Listing Price: $1,675,000

Cap Rate
4.79%
Number of Units
9
GRM
10.82
Price/Unit
$186,111
Price/Gross SF
$213.38
Gross SF
7,850

Investment Overview

Marcus & Millichap is pleased to present this nine-unit apartment property, located at 740 Sheridan Road in Highwood, Illinois.

Built in 1993, the building is comprised of one one-bedroom / one-bathroom unit and eight two-bedroom / one-bathroom units, measuring, on average, approximately 650 and 900 square feet, respectively. The property is flexicore construction and has a newer roof and windows. The property is tenant heated and features ample off-street parking, designated tenant storage, and an on-site laundry facility.

This investment offers an investor a value-add opportunity to acquire an asset in a great Highwood location with significant upside in rents.

Investment Highlights

  • Desirable Unit Mix of Mostly Two-Bedroom Units
  • Tenant Heated
  • Close Proximity to Local Shopping and Dining in Downtown Highwood
  • A Part of Highland Park High School District, Ranked #32 in Illinois Rankings According to US News
  • Average Household Income within One Mile is $153,505
  • Value Add Opportunity with Significant Rental Upside

Exclusively Listed By

Multifamily

740 Sheridan Rd

Listing Price: $1,675,000

Cap Rate
4.79%
Number of Units
9
GRM
10.82
Price/Unit
$186,111
Price/Gross SF
$213.38
Gross SF
7,850

Investment Highlights

  • Desirable Unit Mix of Mostly Two-Bedroom Units
  • Tenant Heated
  • Close Proximity to Local Shopping and Dining in Downtown Highwood
  • A Part of Highland Park High School District, Ranked #32 in Illinois Rankings According to US News
  • Average Household Income within One Mile is $153,505
  • Value Add Opportunity with Significant Rental Upside

Investment Overview

Marcus & Millichap is pleased to present this nine-unit apartment property, located at 740 Sheridan Road in Highwood, Illinois. Built in 1993, the building is comprised of one one-bedroom / one-bathroom unit and eight two-bedroom / one-bathroom units, measuring, on average, approximately 650 and 900 square feet, respectively. The property is flexicore construction and has a newer roof and windows. The property is tenant heated and features ample off-street parking, designated tenant storage, and an on-site laundry facility. This investment offers an investor a value-add opportunity to acquire an asset in a great Highwood location with significant upside in rents.

Exclusively Listed By

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