For Sale: Fully Leased Multi-Family in Park Ridge
The Details
- 9,668 SF California-style multi-family building
- 8 units, each with garage
- One 4-bedroom, 3-bath (includes an in-law apartment) unit, one 3-bedroom, 2-bath unit, six 2-bedroom, 2-bath units - 100% occupied
- Gross income: $183,600
- Separately metered units
- Dedicated storage units
- On-site coin-operated laundry
- Land Area: 23,383 SF
- Traffic count: 13,834 vehicles daily
- Zoning: R-3
Just south of Touhy on Dee Road, an eight-unit, multi-family building is available for sale. The fully leased 9,668 square foot California-style property is recently renovated with high-end finishes and is comprised of one 4-bedroom, 3-bath unit (including an in-law apartment), one 3-bedroom, 2-bath unit and six 2-bedroom, 2-bath units. Each apartment has a dedicated storage space in the basement and a detached garage. The building is close to the Iroquois Woods Forest Preserve and is a short drive from I-294.
Park Ridge is a thriving suburban city located just 15 miles northwest of downtown Chicago. Known for its tree-lined streets, excellent schools and a strong sense of community, it offers a high quality of life for its residents. The area surrounding this property boasts a variety of retail options, including local boutiques, restaurants and essential services, contributing to the neighborhood’s appeal. The city’s commitment to development is evident in recent approvals, reflecting a supportive environment for growth and investment.