Description
Incredible opportunity to own this Class B+ brick 8-flat in revered Des Plaines, IL. The property is located on a secluded, tree-lined street with 8 private parking spaces and ample street parking. The building consists of 7 one-beds and 1 two-bed units all in good condition. Newer mechanical units and a coin operated laundry in the basement. Current rents are strong but are still below market, allowing for the investor to increase the value of the property with simple rent increases. Exterior entrances mean minimal common area expenses. Fantastic stable investment in a rock solid neighborhood just minutes from downtown Chicago. Property boasts a pro forma 10%+ CAP Rate.
Location
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Courtesy of: Chase Real Estate LLC Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
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office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 9th August, 2022 5:06 PM (UTC)
