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Multifamily

400-402 Western Avenue

400 Western Ave, Joliet, IL 60435

Listing Price: $1,075,000

Cap Rate
7.20%
Number of Units
14
GRM
7.53
Occupancy
95.0%
Price/Unit
$76,786
Price/Gross SF
$95.13
Gross SF
11,300

Investment Overview

Marcus & Millichap is pleased to present a 14-unit apartment property located in Joliet, Illinois. Joliet is a village in Will County and is located approximately 33 miles southwest of the downtown Chicago Loop. The area provides convenient access to Interstate 80. The subject property is approximately one mile west of the Joliet Metra station. PACE bus stops are conveniently located on Route 30, just footsteps from the property. Midway International Airport is approximately 33 miles northeast of the asset.

The property consists of one 12-unit and one duplex building. The unit mix is comprised of five one-bedroom / one-bathroom, eight two-bedroom / one bathroom and one three-bedroom / one bathroom units measuring approximately 700, 850 and 1,000 square feet respectively. The property also features ample off-street parking.

The property is positioned close to Jefferson Street; a major east-west thoroughfare containing a variety of retail shops and restaurants. This investment offers an investor the opportunity to acquire a well maintained, cash-flowing asset in Joliet.

Investment Highlights

  • Ample Off-Street Parking
  • Convenient Access to Different Modes of Transportation
  • One Mile from Joliet Metra Station
  • Footsteps from PACE Bus Stops on Route 30
  • Close to Numerous Retail and Dining Options on Jefferson Street
  • Good Unit Mix (Five One-Bedroom, Eight Two-Bedroom and One Three-Bedroom Units)

Exclusively Listed By

Multifamily

400-402 Western Avenue

Listing Price: $1,075,000

Cap Rate
7.20%
Number of Units
14
GRM
7.53
Occupancy
95.0%
Price/Unit
$76,786
Price/Gross SF
$95.13
Gross SF
11,300

Investment Highlights

  • Ample Off-Street Parking
  • Convenient Access to Different Modes of Transportation
  • One Mile from Joliet Metra Station
  • Footsteps from PACE Bus Stops on Route 30
  • Close to Numerous Retail and Dining Options on Jefferson Street
  • Good Unit Mix (Five One-Bedroom, Eight Two-Bedroom and One Three-Bedroom Units)

Investment Overview

Marcus & Millichap is pleased to present a 14-unit apartment property located in Joliet, Illinois. Joliet is a village in Will County and is located approximately 33 miles southwest of the downtown Chicago Loop. The area provides convenient access to Interstate 80. The subject property is approximately one mile west of the Joliet Metra station. PACE bus stops are conveniently located on Route 30, just footsteps from the property. Midway International Airport is approximately 33 miles northeast of the asset.

The property consists of one 12-unit and one duplex building. The unit mix is comprised of five one-bedroom / one-bathroom, eight two-bedroom / one bathroom and one three-bedroom / one bathroom units measuring approximately 700, 850 and 1,000 square feet respectively. The property also features ample off-street parking.

The property is positioned close to Jefferson Street; a major east-west thoroughfare containing a variety of retail shops and restaurants. This investment offers an investor the opportunity to acquire a well maintained, cash-flowing asset in Joliet.

Exclusively Listed By

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