This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
15 S Spring Ave
La Grange, IL 60525
Build-to-Rent Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Total Plot Size | 0.15 ac |
| Property Type | Build-to-Rent | Property Size | 12,000 sq ft |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Floors | 4 |
| Costar Property Class | C | Year Built | 1928 |
| Use Class | Multi-Family | ||
| No. Units | 11 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.15 ac |
| Property Size | 12,000 sq ft |
| Average Occupancy | 100% |
| No. Floors | 4 |
| Year Built | 1928 |
| Use Class | Multi-Family |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Ceiling Fans
- Wooden Floors
- Built-In Bookshelves
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Vintage Building
- Public Transportation
ABOUT 15 S SPRING AVE , LA GRANGE, IL 60525
Opportunity knocks for an investor to purchase a Solid 11 Unit Residential Multi-Family Property. Superb La Grange location next to the Stone Avenue BNSF Metra Station. 10 of 11 units have been remodeled with new Kitchen Cabinets, Granite Counters, Newly Refinished Hardwood Flooring, plumbing fixtures, light fixtures, ceiling fans & more. Bathrooms are a blend of original and modern with new fixtures. Everything looks great in the building including new entryway stairs & railings. Common area hallways have been painted, hardwoods exposed and refinished and look great. The building has a very nice feel. This deal will not last on the market very long. Expenses include Management, Leasing, Vacancy Factor and Reserves. Look no further. This is a Quintessential Multi-Family Deal designed with consideration of Commercial Financing. Closing credits are available for any loose ends. If you are in a 1031 exchange, there is an assumable debt piece of 700k +/- at below-market interest rates. Otherwise, the building has been priced to allow for adequate cash-flow and a significant first-year ROI. Call for Offering Memorandum and to set-up a showing. Text 67299 and use 5926138 for more information
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 2 | £1,175 | - |
| 2+1 | 9 | £1,525 | - |
PROPERTY TAXES
| Parcel Number | 18-04-121-004-0000 | Improvements Assessment | £80,384 |
| Land Assessment | £6,102 | Total Assessment | £86,486 |
PROPERTY TAXES
