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Multifamily

5147, 5155 and 5163 Electric Avenue

5155 Electric Ave, Hillside, IL 60162

Listing Price: $3,000,000

Cap Rate
4.61%
Number of Units
38
Occupancy
95.0%
Price/Unit
$78,947
Price/Gross SF
$127.12
Gross SF
23,600

Investment Overview

Marcus & Millichap is pleased to present a 38-unit, three property portfolio located in Hillside, Illinois. Hillside is located approximately 15 miles to the Chicago Loop. The subject property is located approximately one mile to the Berkeley Metra station (UP-W) and approximately one mile to Interstate 290, allowing easy access to O’Hare International Airport. The subject property consists of three apartment buildings and features four studio units (approximately 375 square feet) and 34 one-bedroom / one-bathroom units (approximately 650 square feet). Approximately four units feature updated kitchens and eight units feature updated bathrooms. Capital improvements include two full tear-off roofs in 2018 and 2019, brand new parking lot in 2018 and new LED lighting in interior hallways. On-site, there is a coin-operated laundry room and approximately 37 parking spaces. A new investor could potentially charge for parking to increase cash flow.

Investment Highlights

  • Strong Hillside Location 
  • Upside in Rent
  • Recent Capital Improvements 
  • Select Units Feature Updated Kitchens and Bathrooms 
  • Close to Major Highways 
  • On-Site Parking Lot and Laundry Facility

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Financing By

Multifamily

5147, 5155 and 5163 Electric Avenue

Listing Price: $3,000,000

Cap Rate
4.61%
Number of Units
38
Occupancy
95.0%
Price/Unit
$78,947
Price/Gross SF
$127.12
Gross SF
23,600

Investment Highlights

  • Strong Hillside Location 
  • Upside in Rent
  • Recent Capital Improvements 
  • Select Units Feature Updated Kitchens and Bathrooms 
  • Close to Major Highways 
  • On-Site Parking Lot and Laundry Facility

Investment Overview

Marcus & Millichap is pleased to present a 38-unit, three property portfolio located in Hillside, Illinois. Hillside is located approximately 15 miles to the Chicago Loop. The subject property is located approximately one mile to the Berkeley Metra station (UP-W) and approximately one mile to Interstate 290, allowing easy access to O’Hare International Airport. The subject property consists of three apartment buildings and features four studio units (approximately 375 square feet) and 34 one-bedroom / one-bathroom units (approximately 650 square feet). Approximately four units feature updated kitchens and eight units feature updated bathrooms. Capital improvements include two full tear-off roofs in 2018 and 2019, brand new parking lot in 2018 and new LED lighting in interior hallways. On-site, there is a coin-operated laundry room and approximately 37 parking spaces. A new investor could potentially charge for parking to increase cash flow.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Financing By

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