Multifamily

300 Lincoln Avenue

Listing Price: $440,000

Cap Rate
6.38%
Number of Units
7
GRM
6.52
Occupancy
95.00%
Price/Unit
$62,857
Price/Gross SF
$86.27
Gross SF
5,100

Investment Overview

Marcus & Millichap is pleased to present this seven-unit apartment building, built in 1960, located at 300 Lincoln Avenue in Fox River Grove, Illinois. Fox River Grove is a village in the Cuba Township of Lake County and the Algonquin Township of McHenry County. The subject property is of McHenry County, located approximately 43 miles northwest of the downtown Chicago Loop, with convenient access to Route 14 and Route 22. Public transportation is readily available at the Fox River Grove Metra station, located just three blocks south of the building. For domestic and international travel purposes, O'Hare International Airport is approximately 28 miles southeast of the asset.

The unit mix is comprised of one one-bedroom / one bathroom garden unit, four one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit, and one three-bedroom / one-bathroom unit measuring approximately 600, 650, 800, and 1,100 square feet, respectively. The property features off-street parking

Positioned one block north of Route 14, the building is footsteps from numerous retail markets, grocery stores, shopping centers, and restaurants that line the street. Stonehill Shopping Center is one-half mile southeast, which holds a Jewel-Osco, Walgreen's, Panera Bread, McDonald's, Starbucks, and Dunkin' Donuts. The property is also surrounded by numerous schools and recreational parks. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Fox River Grove location.

Investment Highlights

  • Off-Street Parking
  • Convenient Access to Route 14 and Route 22
  • Walking Distance from Fox River Grove Metra Station
  • Near Various Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks
  • Average Household Income Within One Mile is $126,867

Exclusively Listed By

Listing Price: $440,000

Cap Rate
6.38%
Number of Units
7
GRM
6.52
Occupancy
95.00%
Price/Unit
$62,857
Price/Gross SF
$86.27
Gross SF
5,100

Investment Highlights

  • Off-Street Parking
  • Convenient Access to Route 14 and Route 22
  • Walking Distance from Fox River Grove Metra Station
  • Near Various Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks
  • Average Household Income Within One Mile is $126,867

Investment Overview

Marcus & Millichap is pleased to present this seven-unit apartment building, built in 1960, located at 300 Lincoln Avenue in Fox River Grove, Illinois. Fox River Grove is a village in the Cuba Township of Lake County and the Algonquin Township of McHenry County. The subject property is of McHenry County, located approximately 43 miles northwest of the downtown Chicago Loop, with convenient access to Route 14 and Route 22. Public transportation is readily available at the Fox River Grove Metra station, located just three blocks south of the building. For domestic and international travel purposes, O'Hare International Airport is approximately 28 miles southeast of the asset.

The unit mix is comprised of one one-bedroom / one bathroom garden unit, four one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit, and one three-bedroom / one-bathroom unit measuring approximately 600, 650, 800, and 1,100 square feet, respectively. The property features off-street parking

Positioned one block north of Route 14, the building is footsteps from numerous retail markets, grocery stores, shopping centers, and restaurants that line the street. Stonehill Shopping Center is one-half mile southeast, which holds a Jewel-Osco, Walgreen's, Panera Bread, McDonald's, Starbucks, and Dunkin' Donuts. The property is also surrounded by numerous schools and recreational parks. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Fox River Grove location.

Exclusively Listed By

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