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Beautiful West Suburb 4-Unit Property

501 Pasadena Ave. Crest Hill IL 60403

Pricing/Terms Explained 

$650,000

$162,500 / Unit

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8

Beds

4

Baths

-

Sq. Ft.

Yr. Built

100%

Occupancy

8 Spaces

2 Stories

Boiler Heat

Paid, On Site

Street View

Property Summary

About The Property

Type

Two-Four Unit

In Place NOI

$29,645

Target CAP Rate

4.6%

Today's Market Value

-

Target Purchase Price

$650,000

Units

4

Projected NOI

$49,957

Market CAP Rate

-

Value w/Market Rents

-

Cost Per Unit

$162,500

Beautiful brick 4-unit building in the sprawling suburban town of Crest Hill. The building consists of (4) oversized 2-bed units, however only 3 are currently occupied, allowing an investor to come in and immediately raise the gross income of the property. The building itself is built on a large corner lot on a quiet residential block, only 400ft from the local school. The units have been well maintained by the current owner and there is ample parking in the back with at least 9 available spaces.

About the Neighborhood

Crest Hill is a small, vibrant town of 20,500 located 30 miles southwest of downtown Chicago and 5 miles north of Joliet, Illinois’ 3rd largest city. Crest Hill was incorporated in 1960 to avoid being annexed by neighboring Joliet, in order to preserve its small-town character. Today it is known for both its popular commercial districts and natural environments, particularly the Prairie Bluff Preserve on the north side of town. The town borders Lewis University to the north along with the Lewis University Regional airport.

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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