Multifamily
Iron Gate Apartments
25 Briar St, Glen Ellyn, IL 60137
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Iron Gate Apartments, a 180-unit multifamily property in Glen Ellyn, Illinois. This investment offers an investor the opportunity to acquire a well-maintained, mostly renovated asset with numerous capital improvements, upside potential in rents, and a desirable DuPage County location.
Iron Gate Apartments
Investment Highlights
- $3,870,000 in Recent Capital Improvements
- Amenities Include Swimming Pool, Playground, Courtyard, On- Site Laundry Facility, Bike Racks, and Ample Off-Street Parking
- Approximately 95% of Units are Remodeled with New Flooring, Stainless Steel Appliances, and Granite Countertops
- Attractive Assumable Debt with 3.15% Interest Rate, 30 Year Amortization with Six Years Remaining and Potential to Add a Supplemental Loan
- Desirable DuPage County Location
- Two Miles to Downtown Glen Ellyn, Offering Local Dining and Shopping, and the Metra Station
- Served by Glenbard South High School, Ranked #42 in Illinois by U.S. News & World Report
- Median Household Income within One Mile is $110,221
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- $3,870,000 in Recent Capital Improvements
- Amenities Include Swimming Pool, Playground, Courtyard, On- Site Laundry Facility, Bike Racks, and Ample Off-Street Parking
- Approximately 95% of Units are Remodeled with New Flooring, Stainless Steel Appliances, and Granite Countertops
- Attractive Assumable Debt with 3.15% Interest Rate, 30 Year Amortization with Six Years Remaining and Potential to Add a Supplemental Loan
- Desirable DuPage County Location
- Two Miles to Downtown Glen Ellyn, Offering Local Dining and Shopping, and the Metra Station
- Served by Glenbard South High School, Ranked #42 in Illinois by U.S. News & World Report
- Median Household Income within One Mile is $110,221
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Iron Gate Apartments, a 180-unit multifamily property in Glen Ellyn, Illinois. This investment offers an investor the opportunity to acquire a well-maintained, mostly renovated asset with numerous capital improvements, upside potential in rents, and a desirable DuPage County location.
Exclusively Listed By
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