Multifamily

329 Quist Ct

Listing Price: $780,000

Cap Rate
5.07%
Number of Units
12
GRM
7.42
Occupancy
95.00%
Price/Unit
$65,000
Price/Gross SF
$96.30
Gross SF
8,100

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment property located at 329 Qiust Court in Grayslake, Illinois. Grayslake is a village in Lake County located approximately 42-miles northwest of the downtown Chicago Loop, with convenient access to Route 120 and Interstate 94. Public transportation is readily available, approximately half-a-mile southeast, at the Grayslake Metra train station and is locally serviced by PACE bus service, bus stops can be found less than half-a-mile north on West Belvidere Road / Route 120. For domestic and international travel purposes, O'Hare International Airport is approximately 35-miles south of the asset.

The unit mix is comprised of 12 one-bedroom / one-bathroom units measuring approximately 675 square feet. The property features an on-site laundry facility, newer windows, newer parking lot and ample off-street parking.

The property is positioned near West Belvidere Road / Route 120; a major west-east thoroughfare that stretches from Woodstock, IL to Waukegan, IL. Grayslake is home to the College of Lake County and neighbors the city of Gurnee. Gurnee Mills Mall and Six Flags Theme Park are approximately eight miles northeast of the asset. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Lake County location.

Investment Highlights

  • Original Developer
  • On-Site Laundry Facility
  • Ample Off-Street Parking
  • Desirable Lake County Location
  • Top Rated Schools
  • Convenient Access to Route 120 and Interstate 94

Exclusively Listed By

Listing Price: $780,000

Cap Rate
5.07%
Number of Units
12
GRM
7.42
Occupancy
95.00%
Price/Unit
$65,000
Price/Gross SF
$96.30
Gross SF
8,100

Investment Highlights

  • Original Developer
  • On-Site Laundry Facility
  • Ample Off-Street Parking
  • Desirable Lake County Location
  • Top Rated Schools
  • Convenient Access to Route 120 and Interstate 94

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment property located at 329 Qiust Court in Grayslake, Illinois. Grayslake is a village in Lake County located approximately 42-miles northwest of the downtown Chicago Loop, with convenient access to Route 120 and Interstate 94. Public transportation is readily available, approximately half-a-mile southeast, at the Grayslake Metra train station and is locally serviced by PACE bus service, bus stops can be found less than half-a-mile north on West Belvidere Road / Route 120. For domestic and international travel purposes, O'Hare International Airport is approximately 35-miles south of the asset.

The unit mix is comprised of 12 one-bedroom / one-bathroom units measuring approximately 675 square feet. The property features an on-site laundry facility, newer windows, newer parking lot and ample off-street parking.

The property is positioned near West Belvidere Road / Route 120; a major west-east thoroughfare that stretches from Woodstock, IL to Waukegan, IL. Grayslake is home to the College of Lake County and neighbors the city of Gurnee. Gurnee Mills Mall and Six Flags Theme Park are approximately eight miles northeast of the asset. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Lake County location.

Exclusively Listed By

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