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Multifamily

Maple Court Apartments

1135 W Ogden Ave, Naperville, IL 60563

Listing Price: $6,750,000

Cap Rate
5.06%
Number of Units
48
GRM
11.18
Occupancy
95.0%
Price/Unit
$140,625
Price/Gross SF
$162.36
Gross SF
41,574

Investment Overview

Marcus & Millichap is pleased to present Maple Court Apartments, a 48-unit apartment property, built in 1996, located at 1135 West Ogden Avenue in Naperville, Illinois. Naperville is a city in both DuPage and Will counties. The subject property resides in DuPage County, located approximately 30 miles southwest of the downtown Chicago Loop, with convenient access to Route 34, Route 59, and Interstate 88. Public transportation is readily available through PACE for transportation by bus, with stops positioned along Aurora Road, one and one-half miles south of the property. For domestic and international travel purposes, Midway International Airport is approximately 25 miles east of the asset.

The unit mix is comprised of 14 one-bedroom / one-bathroom units, 22 two-bedroom / one-bathroom units, and 12 two-bedroom / two-bathroom units, measuring approximately 735-809, 842-956, and 956 square feet, respectively. The property features an elevator, patios or balconies for each unit, in-unit laundry, nine garages, and ample off-street parking.

The property is within one mile of Cress Creek Square Shopping Center and Riverbrook Shopping Center. Downtown Naperville, a concentration of local storefronts and restaurants, is approximately one and one-half miles southeast. The local Target, Meijer, ALDI, Jewel-Osco, Menards, Best Buy, Walgreens, and CVS are all within three miles of the asset. Naperville is consistently ranked as one of the top communities in the nation to live and raise a family in and is one of the fastest-growing cities in the United States. This investment offers an investor the opportunity to acquire a well-maintained, stable asset in a desirable residential location with immediate cash flow from day one.

Investment Highlights

  • Elevator Building
  • Good Unit Mix (14 One-Bedroom Units and 34 Two-Bedroom Units)
  • Patios or Balconies for Each Unit
  • In-Unit Laundry
  • Ample Garage and Off-Street Parking
  • Desirable Naperville Location

Exclusively Listed By

Listing Price: $6,750,000

Cap Rate
5.06%
Number of Units
48
GRM
11.18
Occupancy
95.0%
Price/Unit
$140,625
Price/Gross SF
$162.36
Gross SF
41,574

Investment Highlights

  • Elevator Building
  • Good Unit Mix (14 One-Bedroom Units and 34 Two-Bedroom Units)
  • Patios or Balconies for Each Unit
  • In-Unit Laundry
  • Ample Garage and Off-Street Parking
  • Desirable Naperville Location

Investment Overview

Marcus & Millichap is pleased to present Maple Court Apartments, a 48-unit apartment property, built in 1996, located at 1135 West Ogden Avenue in Naperville, Illinois. Naperville is a city in both DuPage and Will counties. The subject property resides in DuPage County, located approximately 30 miles southwest of the downtown Chicago Loop, with convenient access to Route 34, Route 59, and Interstate 88. Public transportation is readily available through PACE for transportation by bus, with stops positioned along Aurora Road, one and one-half miles south of the property. For domestic and international travel purposes, Midway International Airport is approximately 25 miles east of the asset.

The unit mix is comprised of 14 one-bedroom / one-bathroom units, 22 two-bedroom / one-bathroom units, and 12 two-bedroom / two-bathroom units, measuring approximately 735-809, 842-956, and 956 square feet, respectively. The property features an elevator, patios or balconies for each unit, in-unit laundry, nine garages, and ample off-street parking.

The property is within one mile of Cress Creek Square Shopping Center and Riverbrook Shopping Center. Downtown Naperville, a concentration of local storefronts and restaurants, is approximately one and one-half miles southeast. The local Target, Meijer, ALDI, Jewel-Osco, Menards, Best Buy, Walgreens, and CVS are all within three miles of the asset. Naperville is consistently ranked as one of the top communities in the nation to live and raise a family in and is one of the fastest-growing cities in the United States. This investment offers an investor the opportunity to acquire a well-maintained, stable asset in a desirable residential location with immediate cash flow from day one.

Exclusively Listed By

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