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Mixed-Use

790 Lee St

790 Lee St, Des Plaines, IL 60016

Listing Price: $1,300,000

Cap Rate
7.02%
Number of Units
11
Price/Unit
$118,182
Price/Gross SF
$162.50
Gross SF
8,000

Investment Overview

Marcus & Millichap is pleased to present 790 Lee Street located in the downtown area of Des Plaines, Illinois. Des Plaines is a northwest suburb of Chicago with a population around 60,000 people. Des Plaines is just minutes from O'Hare International Airport and provides easy access to the city of Chicago via the Metra train and Interstate 294.

The subject property is a mixed-use building comprised of eight one-bedroom / one-bathroom apartments on the second and third floor as well as three office suites on the first floor. The building is very well maintained with many recent capital improvements and is situated on a large lot with 19 off-street parking spaces.

This is a rare opportunity to acquire a mixed-use apartment building in an irreplaceable downtown Des Plaines location with strong cash flow from day one.

Investment Highlights

  • Brand New Windows - Well Maintained Brick Building
  • Irreplaceable Downtown Des Plaines Location
  • Close Proximity to O'Hare International Airport, a Metra station and Interstate 294
  • Plentiful Off-Street Parking
  • On-Site Laundry
  • High Historical Occupancy

Exclusively Listed By

Listing Price: $1,300,000

Cap Rate
7.02%
Number of Units
11
Price/Unit
$118,182
Price/Gross SF
$162.50
Gross SF
8,000

Investment Highlights

  • Brand New Windows - Well Maintained Brick Building
  • Irreplaceable Downtown Des Plaines Location
  • Close Proximity to O'Hare International Airport, a Metra station and Interstate 294
  • Plentiful Off-Street Parking
  • On-Site Laundry
  • High Historical Occupancy

Investment Overview

Marcus & Millichap is pleased to present 790 Lee Street located in the downtown area of Des Plaines, Illinois. Des Plaines is a northwest suburb of Chicago with a population around 60,000 people. Des Plaines is just minutes from O'Hare International Airport and provides easy access to the city of Chicago via the Metra train and Interstate 294.

The subject property is a mixed-use building comprised of eight one-bedroom / one-bathroom apartments on the second and third floor as well as three office suites on the first floor. The building is very well maintained with many recent capital improvements and is situated on a large lot with 19 off-street parking spaces.

This is a rare opportunity to acquire a mixed-use apartment building in an irreplaceable downtown Des Plaines location with strong cash flow from day one.

Exclusively Listed By

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