Multifamily

8248 Archer Avenue

8248 Archer Ave, Willow Springs, IL 60480

Listing Price: $620,000

Cap Rate
6.79%
Number of Units
9
GRM
7.18
Occupancy
95.00%
Price/Unit
$68,889
Price/Gross SF
$172.22
Gross SF
3,600

Investment Overview

Marcus & Millichap is pleased to present a nine-unit apartment property located at 8248 Archer Avenue in Willow Springs, Illinois. Willow Springs is a village in Cook and DuPage counties, positioned approximately 20 miles southwest of the downtown Chicago Loop. The property is in Cook County and has convenient access to Route 45, Interstate 55, and Interstate 294. Public transportation is readily available at the Willow Springs Metra station, just over one mile southwest, and is serviced by PACE for transportation by bus. PACE bus stops are positioned on Archer Avenue, a couple blocks from the property. For domestic and international travel purposes, Midway International Airport is approximately 12 miles northeast of the asset.

The unit mix comprise of nine studio / one-bedroom units, measuring approximately 550 square feet each, in addition to an office unit that can potentially be converted to a laundry room or another unit for additional income. The property features ample off street parking.

Positioned on Archer Avenue, the property is surrounded by numerous recreational parks, nature preserves, walking trails, and picnic areas. Quarry Shopping Center and Burr Ridge Village Center are both within four miles of the building. This investment offers an investor the opportunity to acquire nine units in a good Willow Springs location.

Investment Highlights

  • Ample Off-Street Parking
  • Easy Access to Route 45, Interstate 55, and Interstate 294
  • Approximately One Mile from Willow Springs Metra Station
  • Walking Distance from PACE Bus Stops
  • Surrounded by Numerous Parks, Nature Preserves, Trails, and Picnic Areas
  • Near Quarry Shopping Center and Burr Ridge Village Center

Exclusively Listed By

Listing Price: $620,000

Cap Rate
6.79%
Number of Units
9
GRM
7.18
Occupancy
95.00%
Price/Unit
$68,889
Price/Gross SF
$172.22
Gross SF
3,600

Investment Highlights

  • Ample Off-Street Parking
  • Easy Access to Route 45, Interstate 55, and Interstate 294
  • Approximately One Mile from Willow Springs Metra Station
  • Walking Distance from PACE Bus Stops
  • Surrounded by Numerous Parks, Nature Preserves, Trails, and Picnic Areas
  • Near Quarry Shopping Center and Burr Ridge Village Center

Investment Overview

Marcus & Millichap is pleased to present a nine-unit apartment property located at 8248 Archer Avenue in Willow Springs, Illinois. Willow Springs is a village in Cook and DuPage counties, positioned approximately 20 miles southwest of the downtown Chicago Loop. The property is in Cook County and has convenient access to Route 45, Interstate 55, and Interstate 294. Public transportation is readily available at the Willow Springs Metra station, just over one mile southwest, and is serviced by PACE for transportation by bus. PACE bus stops are positioned on Archer Avenue, a couple blocks from the property. For domestic and international travel purposes, Midway International Airport is approximately 12 miles northeast of the asset.

The unit mix comprise of nine studio / one-bedroom units, measuring approximately 550 square feet each, in addition to an office unit that can potentially be converted to a laundry room or another unit for additional income. The property features ample off street parking.

Positioned on Archer Avenue, the property is surrounded by numerous recreational parks, nature preserves, walking trails, and picnic areas. Quarry Shopping Center and Burr Ridge Village Center are both within four miles of the building. This investment offers an investor the opportunity to acquire nine units in a good Willow Springs location.

Exclusively Listed By

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