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Multifamily

Meadow Station Apartments

14525 Pulaski Rd, Midlothian, IL 60445

Listing Price: $5,250,000

Cap Rate
7.08%
Number of Units
78
GRM
7.33
Occupancy
95.0%
Price/Unit
$67,308
Price/Gross SF
$141.93
Gross SF
36,990

Investment Overview

Marcus & Millichap is pleased to present Meadow Station Apartments located in Midlothian, Illinois. Midlothian is a Cook County suburb situated approximately 20 miles southwest of downtown Chicago. The subject property is conveniently located less than one mile to the Midlothian Metra station (Rock Island District Line) and approximately two miles to Interstate 294. The subject property is surrounded with biking and walking trails, various grocery stores and shopping centers, and public transportation. The subject property consists of one studio unit (approximately 415 square feet) and 77 one-bedroom / one-bathroom units (approximately 475 square feet). On-site, the property features laundry facilities and ample surface parking. Residents enjoy high-speed internet, balconies or patios, and well-lit sidewalks. Here, an investor has the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • Long-Term Owner
  • On-Site Laundry
  • Strong Cook County Location
  • Well-Maintained Units
  • Near Major Highways and Public Transportation

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Multifamily

Meadow Station Apartments

Listing Price: $5,250,000

Cap Rate
7.08%
Number of Units
78
GRM
7.33
Occupancy
95.0%
Price/Unit
$67,308
Price/Gross SF
$141.93
Gross SF
36,990

Investment Highlights

  • Long-Term Owner
  • On-Site Laundry
  • Strong Cook County Location
  • Well-Maintained Units
  • Near Major Highways and Public Transportation

Investment Overview

Marcus & Millichap is pleased to present Meadow Station Apartments located in Midlothian, Illinois. Midlothian is a Cook County suburb situated approximately 20 miles southwest of downtown Chicago. The subject property is conveniently located less than one mile to the Midlothian Metra station (Rock Island District Line) and approximately two miles to Interstate 294. The subject property is surrounded with biking and walking trails, various grocery stores and shopping centers, and public transportation. The subject property consists of one studio unit (approximately 415 square feet) and 77 one-bedroom / one-bathroom units (approximately 475 square feet). On-site, the property features laundry facilities and ample surface parking. Residents enjoy high-speed internet, balconies or patios, and well-lit sidewalks. Here, an investor has the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

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