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Multifamily

7401 175th St

7401 175th St, Tinley Park, IL 60477

Listing Price: $2,640,000

Cap Rate
5.56%
Number of Units
24
Occupancy
96.0%
Price/Unit
$110,000
Price/Gross SF
$106.45
Gross SF
24,800

Investment Overview

Marcus & Millichap is pleased to present a 24-unit apartment portfolio located at 7401-7419 175th Street, Tinley Park, Illinois. Tinley Park is a suburb of Chicago and is approximately 25 miles southwest of the downtown Chicago Loop. The area provides convenient access to Routes 43, 45, and Interstates 57 and 80. The Tinley Park Metra station is located just one mile from the property. For domestic and international travel, Midway International Airport is approximately 19 miles north of the property. The unit mix is comprised of four one-bedroom / one-bathroom units, and 20 two-bedroom / one-bathroom units measuring approximately 725 and 850 square feet, respectively. The portfolio features flexicore construction, in-unit laundry machines, balconies, and ample off-street parking. Many recent capital improvements have been completed to the buildings including newer roofs within the last five years. The property is positioned just west of Harlem Avenue, a major north-south thoroughfare, and is conveniently located near numerous retail, dining, and entertainment options. The area is also surrounded by numerous recreational parks, forest preserves, and nature trails. This property offers an investor the opportunity to acquire a well-maintained asset in a desirable Tinley Park location.

Investment Highlights

  • Flexicore Construction Buildings
  • In-Unit Laundry Machines
  • Historically High Occupancy / Excellent Unit Mix
  • Ample Off-Street Parking

Exclusively Listed By

Listing Price: $2,640,000

Cap Rate
5.56%
Number of Units
24
Occupancy
96.0%
Price/Unit
$110,000
Price/Gross SF
$106.45
Gross SF
24,800

Investment Highlights

  • Flexicore Construction Buildings
  • In-Unit Laundry Machines
  • Historically High Occupancy / Excellent Unit Mix
  • Ample Off-Street Parking

Investment Overview

Marcus & Millichap is pleased to present a 24-unit apartment portfolio located at 7401-7419 175th Street, Tinley Park, Illinois. Tinley Park is a suburb of Chicago and is approximately 25 miles southwest of the downtown Chicago Loop. The area provides convenient access to Routes 43, 45, and Interstates 57 and 80. The Tinley Park Metra station is located just one mile from the property. For domestic and international travel, Midway International Airport is approximately 19 miles north of the property. The unit mix is comprised of four one-bedroom / one-bathroom units, and 20 two-bedroom / one-bathroom units measuring approximately 725 and 850 square feet, respectively. The portfolio features flexicore construction, in-unit laundry machines, balconies, and ample off-street parking. Many recent capital improvements have been completed to the buildings including newer roofs within the last five years. The property is positioned just west of Harlem Avenue, a major north-south thoroughfare, and is conveniently located near numerous retail, dining, and entertainment options. The area is also surrounded by numerous recreational parks, forest preserves, and nature trails. This property offers an investor the opportunity to acquire a well-maintained asset in a desirable Tinley Park location.

Exclusively Listed By

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