Multifamily

4438 Prescott Ave

4438 Prescott Ave, Lyons, IL 60534

Listing Price: $1,350,000

Cap Rate
5.91%
Number of Units
12
GRM
9.45
Occupancy
97.0%
Price/Unit
$112,500
Price/Gross SF
$160.71
Gross SF
8,400

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment building located at 4438 Prescott Avenue in Lyons, Illinois. The subject property is well located, close to Interstate 55 highway, Interstate 290, Chicago Midway International Airport, and approximately fourteen miles to the Chicago Loop. Tenants also benefit from the close proximity to Downtown La Grange, Riverside and Brookfield.
The subject property consists of four one-bedroom / one-bathroom units (approximately 600 square feet) and eight two-bedroom / one-bathroom units (approximately 750 square feet). Six units have been recently renovated. Renovated units feature vinyl plank or hardwood flooring in kitchens, living rooms, and bedrooms, cherry or oak kitchen cabinets, black quartz countertops, black or stainless steel appliances, new bathroom tile flooring and shower tiling, and oak or white vanities. Non-renovated units feature hardwood and tile flooring, laminate countertops, oak vanities, and original tubs. Select units feature new dishwashers. Property amenities include two on-site washers and dryers, twelve storage lockers, security surveillance system, fire alarm system with annual check ups, thirteen parking spaces included in rent, and building Wi-Fi included in rent. Windows, roof, boiler, and exterior doors are approximately ten years old.
This investment offers a

Investment Highlights

  • Renovated Apartments
  • Strong Lyons Rental Market
  • Strong Unit Mix
  • Well-Maintained
  • Income-Generating Laundry

Exclusively Listed By

Listing Price: $1,350,000

Cap Rate
5.91%
Number of Units
12
GRM
9.45
Occupancy
97.0%
Price/Unit
$112,500
Price/Gross SF
$160.71
Gross SF
8,400

Investment Highlights

  • Renovated Apartments
  • Strong Lyons Rental Market
  • Strong Unit Mix
  • Well-Maintained
  • Income-Generating Laundry

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment building located at 4438 Prescott Avenue in Lyons, Illinois. The subject property is well located, close to Interstate 55 highway, Interstate 290, Chicago Midway International Airport, and approximately fourteen miles to the Chicago Loop. Tenants also benefit from the close proximity to Downtown La Grange, Riverside and Brookfield.
The subject property consists of four one-bedroom / one-bathroom units (approximately 600 square feet) and eight two-bedroom / one-bathroom units (approximately 750 square feet). Six units have been recently renovated. Renovated units feature vinyl plank or hardwood flooring in kitchens, living rooms, and bedrooms, cherry or oak kitchen cabinets, black quartz countertops, black or stainless steel appliances, new bathroom tile flooring and shower tiling, and oak or white vanities. Non-renovated units feature hardwood and tile flooring, laminate countertops, oak vanities, and original tubs. Select units feature new dishwashers. Property amenities include two on-site washers and dryers, twelve storage lockers, security surveillance system, fire alarm system with annual check ups, thirteen parking spaces included in rent, and building Wi-Fi included in rent. Windows, roof, boiler, and exterior doors are approximately ten years old.
This investment offers a

Exclusively Listed By

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