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Multifamily

6001 W 103rd St

6001 W 103rd St, Chicago Ridge, IL 60415

Listing Price: $610,000

Cap Rate
6.85%
Number of Units
6
Occupancy
100.0%
Price/Unit
$101,667
Price/Gross SF
$103.74
Gross SF
5,880

Investment Overview

Marcus & Millichap is pleased to present 6001 West 103rd Street, a six-unit apartment building located in Chicago Ridge, Illinois. The unit mix consists of one one-bedroom / one-bathroom unit and five two-bedroom / one-bathroom units. Select units have been renovated with new front doors, vinyl plank flooring, oak kitchen cabinets and laminate countertops. The property features a newer water heater (2018), individual balconies, copper plumbing, on-site laundry, individual storage lockers and a recently repaved 12-space parking lot (2021). Chicago Ridge is a southwest suburb of Chicago, located approximately 14 miles southwest of the downtown Chicago Loop. The subject property is located a half mile to the Chicago Ridge Metra station, a half mile to PACE bus stops Ridgeland Avenue & Washington Street and Ridgeland Avenue & 105th Street and two miles to Interstate 294 and Cicero Avenue. Tenants enjoy convenient access to the Stony Creek Golf Course, Chicago Ridge Mall, Oak Lawn Park District, and numerous forest preserves and parks. This opportunity allows a new investor the ability to acquire a well-maintained apartment building situated across the street from the Stony Creek Golf Course. A new investor can increase cashflow by bringing rents to market and implementing pay-to-park for the 12 parking spaces.

Investment Highlights

  • Adjacent to Stony Creek Golf Course
  • Recent Capital Improvements and Unit Renovations
  • Ideal Unit Mix of Mostly Two-Bedroom Units
  • Individual Balconies
  • 12 Parking Spaces
  • On-Site Laundry and Storage

Exclusively Listed By

Multifamily

6001 W 103rd St

Listing Price: $610,000

Cap Rate
6.85%
Number of Units
6
Occupancy
100.0%
Price/Unit
$101,667
Price/Gross SF
$103.74
Gross SF
5,880

Investment Highlights

  • Adjacent to Stony Creek Golf Course
  • Recent Capital Improvements and Unit Renovations
  • Ideal Unit Mix of Mostly Two-Bedroom Units
  • Individual Balconies
  • 12 Parking Spaces
  • On-Site Laundry and Storage

Investment Overview

Marcus & Millichap is pleased to present 6001 West 103rd Street, a six-unit apartment building located in Chicago Ridge, Illinois. The unit mix consists of one one-bedroom / one-bathroom unit and five two-bedroom / one-bathroom units. Select units have been renovated with new front doors, vinyl plank flooring, oak kitchen cabinets and laminate countertops. The property features a newer water heater (2018), individual balconies, copper plumbing, on-site laundry, individual storage lockers and a recently repaved 12-space parking lot (2021). Chicago Ridge is a southwest suburb of Chicago, located approximately 14 miles southwest of the downtown Chicago Loop. The subject property is located a half mile to the Chicago Ridge Metra station, a half mile to PACE bus stops Ridgeland Avenue & Washington Street and Ridgeland Avenue & 105th Street and two miles to Interstate 294 and Cicero Avenue. Tenants enjoy convenient access to the Stony Creek Golf Course, Chicago Ridge Mall, Oak Lawn Park District, and numerous forest preserves and parks. This opportunity allows a new investor the ability to acquire a well-maintained apartment building situated across the street from the Stony Creek Golf Course. A new investor can increase cashflow by bringing rents to market and implementing pay-to-park for the 12 parking spaces.

Exclusively Listed By

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