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Multifamily

O'Hare Apartments

5101 N East River Rd, Chicago, IL 60656

Listing Price: $1,475,000

Cap Rate
5.31%
Number of Units
12
Price/Unit
$122,917
Price/Gross SF
$178.79
Gross SF
8,250

Investment Overview

Marcus & Millichap is pleased to present O’Hare Apartments, a 12-unit apartment building, built in 1979, located at 8731 West Foster Avenue in the O'Hare neighborhood of Chicago. The unit mix is comprised of one studio / one-bathroom unit and 11 one-bedroom / one-bathroom units, measuring approximately 550 and 700 square feet each, respectively. The tenants pay the heat in the all-electric building. The property features an on-site laundry facility and ample off-street parking. This investment offers an investor the opportunity to acquire a well-maintained, stabilized asset in the O'Hare neighborhood of Chicago.

Investment Highlights

  • On-Site Laundry Facility
  • All-Electric Building
  • Tenant-Paid Heat
  • Convenient Access to Route 171, Interstate 90, and Interstate 294
  • Ten-Minute Drive from O'Hare International Airport, the Second Busiest Airport in the Country
  • Close Proximity to Retail, Dining, and Entertainment Options in Rosemont to the West and Harlem Avenue to the East of the Property

Exclusively Listed By

Listing Price: $1,475,000

Cap Rate
5.31%
Number of Units
12
Price/Unit
$122,917
Price/Gross SF
$178.79
Gross SF
8,250

Investment Highlights

  • On-Site Laundry Facility
  • All-Electric Building
  • Tenant-Paid Heat
  • Convenient Access to Route 171, Interstate 90, and Interstate 294
  • Ten-Minute Drive from O'Hare International Airport, the Second Busiest Airport in the Country
  • Close Proximity to Retail, Dining, and Entertainment Options in Rosemont to the West and Harlem Avenue to the East of the Property

Investment Overview

Marcus & Millichap is pleased to present O’Hare Apartments, a 12-unit apartment building, built in 1979, located at 8731 West Foster Avenue in the O'Hare neighborhood of Chicago. The unit mix is comprised of one studio / one-bathroom unit and 11 one-bedroom / one-bathroom units, measuring approximately 550 and 700 square feet each, respectively. The tenants pay the heat in the all-electric building. The property features an on-site laundry facility and ample off-street parking. This investment offers an investor the opportunity to acquire a well-maintained, stabilized asset in the O'Hare neighborhood of Chicago.

Exclusively Listed By

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