Property on Map
Apartments, Multi-Family
100% Rented Multi-Family Building – Priced to Sell
2330 Gabriel Avenue, Zion, Illinois
North Suburbs, Illinois
Description
Across from Shiloh Park, this 18 unit multi-family building has a historically high occupancy and is currently 100% leased. Many of the units have been recently upgraded. The property includes an 18 car parking lot and spaces are included in the rent. A number of capital improvements have been made recently. This arm-chair investment has significant upside potential through increased rent.
Zion is located in the northern suburbs of Chicago near the Wisconsin border. I-94 and a Metra station provide several options for commuters.
Additional Details
- : 18 unit multi-family building
- : 15 2-bedroom apartments
- : Three 1-bedroom apartments
- : Historically high occupancy rate
- : Various units recently upgraded
- : Across from Shiloh Park & public library
- : Projected NOI (2015): $73,126
- : Cap Rate: 10.5%
- : Stabilized property with rent upside
- : Land Area: 40,000 SF
- : 18 space parking lot, included in rent
- : Taxes (2014): $32,852 (under appeal)
Property on Map
Property Inquiry
Complete the form below with your contact information and a brief message. We’ll get back to you as soon as possible to continue the conversation.Millennium Properties R/E
Address: 225 West Illinois Suite #350 Chicago IL 60654
Phone: 312-338-3000
Fax: 312-604-8903
Email: info@mpirealestate.com