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Multifamily

223-265 Uteg Street

223 Uteg St, Crystal Lake, IL 60014

Listing Price: $5,500,000

Cap Rate
6.12%
Number of Units
48
Price/Unit
$114,583
Price/Gross SF
$137.50
Gross SF
40,000

Investment Overview

Marcus & Millichap is pleased to present this 48-unit apartment property, built in 1962, located at 223-265 Uteg Street in Crystal Lake, Illinois. The property is comprised of six eight-unit apartment buildings. The combined unit mix is composed of 20 one-bedroom / one-bathroom units and 28 two-bedroom / one-bathroom units, measuring approximately 775 and 875 square feet, respectively. The units are tenant-heated, and the buildings feature on-site laundry facilities and ample off-street parking. This investment offers the opportunity to obtain six well-maintained buildings in a desirable Crystal Lake location, with immediate cash flow upon acquisition.

Investment Highlights

  • Good Unit Mix (20 One-Bedroom Units and 28 Two-Bedroom Units)
  • Tenant-Heated Units
  • On-Site Laundry Facilities
  • Ample Off-Street Parking

Exclusively Listed By

Multifamily

223-265 Uteg Street

Listing Price: $5,500,000

Cap Rate
6.12%
Number of Units
48
Price/Unit
$114,583
Price/Gross SF
$137.50
Gross SF
40,000

Investment Highlights

  • Good Unit Mix (20 One-Bedroom Units and 28 Two-Bedroom Units)
  • Tenant-Heated Units
  • On-Site Laundry Facilities
  • Ample Off-Street Parking

Investment Overview

Marcus & Millichap is pleased to present this 48-unit apartment property, built in 1962, located at 223-265 Uteg Street in Crystal Lake, Illinois. The property is comprised of six eight-unit apartment buildings. The combined unit mix is composed of 20 one-bedroom / one-bathroom units and 28 two-bedroom / one-bathroom units, measuring approximately 775 and 875 square feet, respectively. The units are tenant-heated, and the buildings feature on-site laundry facilities and ample off-street parking. This investment offers the opportunity to obtain six well-maintained buildings in a desirable Crystal Lake location, with immediate cash flow upon acquisition.

Exclusively Listed By

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