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A+ Suburb, 27 Unit Multifamily Building

1125, 1135, 1165 N Boxwood Dr. Mount Prospect, IL 60056

Pricing/Terms Explained 

$2,994,000

$110,888 / Unit

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24

Beds

27

Baths

-

Sq. Ft.

1972

Yr. Built

100%

Occupancy

27 Spaces

3 Stories

Boiler Heat

Paid, On Site

Street View

Property Summary

About The Property

Type

Multifamily

In Place NOI

$194,408

Target CAP Rate

6.5%

Today's Market Value

$4,320,000

Target Purchase Price

$2,994,000

Units

27

Projected NOI

$265,742

Market CAP Rate

4.5%

Value w/Market Rents

$5,900,000

Cost Per Unit

$110,888

Stellar 9-unit brick building in the affluent and family-friendly community of Mt. Prospect. The property consists of (2) studios, (6) 1-beds and (2) 2-beds which are all under market rents allowing the investor the opportunity to raise rents and capitalize on forced appreciation. These units are in excellent rental condition and have been meticulously maintained over the years. A coin operated laundry allows for additional revenue and ample parking rounds out this fantastic investment property.

About the Neighborhood

Incorporated in 1917, Mt Prospect is affluent community 20 miles northwest of downtown Chicago and just 4 miles north of O’Hare International Airport. It is home to nearly 57,000 residents with major employers Cummins Allison, Rauland-Borg and CVS Caremark propping up the local economy. The downtown area has been recently renovated and the city features over 400 acres of parks and recreational facilities. It is home to multiple award winning school districts and was rated by Business Week in 2009 as “the best place to raise kids”.

Due
Diligence

Documents

Chase Real Estate conducts a thorough document review on every property. For access to current leases for this property please fill out our Leases Request Form.

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