Skip to main content

Multifamily

611 East 151st Street

611 E 151st St, Phoenix, IL 60426

Listing Price: $600,000

Cap Rate
8.87%
Number of Units
16
Occupancy
94.0%
Price/Unit
$37,500

Investment Overview

Marcus & Millichap is pleased to present 611 East 151st Street in Phoenix, Illinois located in Cook County. The subject property is comprised of 16 residential units. The exact unit mix is eight studios and eight one-bedroom/one-bath. 611 East 151st Street is also in good proximity to multiple transit stations and a variety of retail. The subject property is located around the corner from the Chicago Transit Authority (CTA)'s 151st Street and Second Avenue bus station and a five-minute drive from the well-trafficked South Halsted Street. Direct Loop access can be achieved via I-94 East. Phoenix, Illinois is a village in Cook County with a population of almost 2,000 residents. It is located approximately 19 miles south of the city of Chicago.

Investment Highlights

  • Excellent Location Along Quiet Street Directly Adjacent to thePolice Station
  • High Demand For Studio and One Bedroom Apartments within the Submarket
  • Well Below Market Rents Allow For Significant Upside Potential
  • On-Site Parking
  • Close Proximity to Multiple Transit Stations

Exclusively Listed By

Multifamily

611 East 151st Street

Listing Price: $600,000

Cap Rate
8.87%
Number of Units
16
Occupancy
94.0%
Price/Unit
$37,500

Investment Highlights

  • Excellent Location Along Quiet Street Directly Adjacent to thePolice Station
  • High Demand For Studio and One Bedroom Apartments within the Submarket
  • Well Below Market Rents Allow For Significant Upside Potential
  • On-Site Parking
  • Close Proximity to Multiple Transit Stations

Investment Overview

Marcus & Millichap is pleased to present 611 East 151st Street in Phoenix, Illinois located in Cook County. The subject property is comprised of 16 residential units. The exact unit mix is eight studios and eight one-bedroom/one-bath. 611 East 151st Street is also in good proximity to multiple transit stations and a variety of retail. The subject property is located around the corner from the Chicago Transit Authority (CTA)'s 151st Street and Second Avenue bus station and a five-minute drive from the well-trafficked South Halsted Street. Direct Loop access can be achieved via I-94 East. Phoenix, Illinois is a village in Cook County with a population of almost 2,000 residents. It is located approximately 19 miles south of the city of Chicago.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower