Multifamily

Hickory Hills Portfolio

8424 W 87th St, Hickory Hills, IL 60457

Listing Price: $4,500,000

Cap Rate
6.19%
Number of Units
41
GRM
8.55
Occupancy
95.0%
Price/Unit
$109,756
Price/Gross SF
$120.81
Gross SF
37,250

Investment Overview

Marcus & Millichap is pleased to present this Hickory Hills Portfolio, a 41-unit investment opportunity, located at 8424 West 87th Street, 8635 84th Court, 8650 84th Court, and 8656 84th Court in Hickory Hills, Illinois. Hickory Hills is a suburb of Chicago, located approximately 14 miles southwest of the downtown Chicago Loop, which has convenient access to Routes 20, 45, and Interstate 294. The area is locally served by PACE for transportation by bus, with stops conveniently positioned along 88th Avenue, just one-half mile west of the buildings. For domestic and international travel purposes, Midway International Airport is approximately eight miles northeast of the asset.

The property is comprised of 41 units, all of which are two-bedroom / one-bathroom. The building located at 8424 West 87th Street consists of eight units, each unit measuring approximately 950 square feet. 8635 84th Court consists of nine units, each unit measuring approximately 950 square feet. Both 8650 84th Court and 8656 84th Court feature 12 units, each unit measuring approximately 950 square feet. The buildings feature storage spaces for tenant use, on-site laundry facilities, and ample off-street parking.

The asset is positioned one and one-half miles from Harlem Avenue, a major thoroughfare with convenient access to numerous shopping, dining, and entertainment options. Chicago Ridge Mall is within four miles of the property. The area is also surrounded by numerous schools and recreational parks. This investment offers an investor the opportunity to acquire a well-maintained asset in a great Hickory Hills location.

Investment Highlights

  • Walking Distance from PACE Bus Stops
  • Close Proximity to Retail, Dining, and Entertainment Options on Harlem Avenue
  • All Two-Bedroom Units
  • On-Site Storage and Laundry Facilities
  • Ample Off-Street Parking
  • Easy Access to Route 20, Route 45, and Interstate 294

Exclusively Listed By

Listing Price: $4,500,000

Cap Rate
6.19%
Number of Units
41
GRM
8.55
Occupancy
95.0%
Price/Unit
$109,756
Price/Gross SF
$120.81
Gross SF
37,250

Investment Highlights

  • Walking Distance from PACE Bus Stops
  • Close Proximity to Retail, Dining, and Entertainment Options on Harlem Avenue
  • All Two-Bedroom Units
  • On-Site Storage and Laundry Facilities
  • Ample Off-Street Parking
  • Easy Access to Route 20, Route 45, and Interstate 294

Investment Overview

Marcus & Millichap is pleased to present this Hickory Hills Portfolio, a 41-unit investment opportunity, located at 8424 West 87th Street, 8635 84th Court, 8650 84th Court, and 8656 84th Court in Hickory Hills, Illinois. Hickory Hills is a suburb of Chicago, located approximately 14 miles southwest of the downtown Chicago Loop, which has convenient access to Routes 20, 45, and Interstate 294. The area is locally served by PACE for transportation by bus, with stops conveniently positioned along 88th Avenue, just one-half mile west of the buildings. For domestic and international travel purposes, Midway International Airport is approximately eight miles northeast of the asset.

The property is comprised of 41 units, all of which are two-bedroom / one-bathroom. The building located at 8424 West 87th Street consists of eight units, each unit measuring approximately 950 square feet. 8635 84th Court consists of nine units, each unit measuring approximately 950 square feet. Both 8650 84th Court and 8656 84th Court feature 12 units, each unit measuring approximately 950 square feet. The buildings feature storage spaces for tenant use, on-site laundry facilities, and ample off-street parking.

The asset is positioned one and one-half miles from Harlem Avenue, a major thoroughfare with convenient access to numerous shopping, dining, and entertainment options. Chicago Ridge Mall is within four miles of the property. The area is also surrounded by numerous schools and recreational parks. This investment offers an investor the opportunity to acquire a well-maintained asset in a great Hickory Hills location.

Exclusively Listed By

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