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Multifamily

26196-26198 Spring Grove Rd

26196-26198 Spring Grove Rd, Antioch, IL 60002

Listing Price: $850,000

Cap Rate
8.10%
Number of Units
8
GRM
8.47
Occupancy
98.0%
Price/Unit
$106,250
Price/Gross SF
$153.32
Gross SF
5,544

Investment Overview

Marcus & Millichap is pleased to present 26196-26198, and eight unit apartment building
located in Antioch, Illinois. The subject property sits on Channel Lake which is the
northernmost lake within Illinois' Chain O'Lakes system. Antioch is located in Lake
County and is approximately 48 miles northwest of the Chicago Loop. The area is serviced
by the Metra Rail System as well as Pace transit.
Antioch is well known for its natural amenities and recreational opportunities including
hiking, boating, fishing, and wildlife observation. During the colder months, residents can
utilize the frozen lakes for snowmobiling and ice fishing. Downtown Antioch has over 100
shops including boutiques, restaurants, and specialty stores.
The subject property consists of four one-bedroom / one bathroom units (approximately
518 to 617 square feet), two two-bedroom / one-bathroom units (approximately 528 to 723
square feet), and two three-bedroom / one-bathroom units (approximately 962 to 1,062
square feet).

Investment Highlights

  • Eight Unit Waterfront Property Located on Channel Lake
  • Rare Opportunity
  • Long-Term Tenants
  • Upside in Rent in Current Condition
  • Private Dock with Potential to Add Rent Income
  • 13 On-Site Parking Spaces
  • Close Proximity to Downtown

Exclusively Listed By

Multifamily

26196-26198 Spring Grove Rd

Listing Price: $850,000

Cap Rate
8.10%
Number of Units
8
GRM
8.47
Occupancy
98.0%
Price/Unit
$106,250
Price/Gross SF
$153.32
Gross SF
5,544

Investment Highlights

  • Eight Unit Waterfront Property Located on Channel Lake
  • Rare Opportunity
  • Long-Term Tenants
  • Upside in Rent in Current Condition
  • Private Dock with Potential to Add Rent Income
  • 13 On-Site Parking Spaces
  • Close Proximity to Downtown

Investment Overview

Marcus & Millichap is pleased to present 26196-26198, and eight unit apartment building located in Antioch, Illinois. The subject property sits on Channel Lake which is the northernmost lake within Illinois' Chain O'Lakes system. Antioch is located in Lake County and is approximately 48 miles northwest of the Chicago Loop. The area is serviced by the Metra Rail System as well as Pace transit. Antioch is well known for its natural amenities and recreational opportunities including hiking, boating, fishing, and wildlife observation. During the colder months, residents can utilize the frozen lakes for snowmobiling and ice fishing. Downtown Antioch has over 100 shops including boutiques, restaurants, and specialty stores. The subject property consists of four one-bedroom / one bathroom units (approximately 518 to 617 square feet), two two-bedroom / one-bathroom units (approximately 528 to 723 square feet), and two three-bedroom / one-bathroom units (approximately 962 to 1,062 square feet).

Exclusively Listed By

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