We present 423 units Apartment, in good condition and considerable upside for the next owner. The current owner has been achieving a 24% return on renovation costs, with upgrade premiums in excess of $200 per unit. The property is just 14 miles from downtown Chicago and has received significant capital investment. The units are well designed with a mix of studios, one bedroom and two bedroom layouts. Each building contains a laundry room, all of which were recently renovated and upgraded with new machines. Additionally, the property contains 447 parking spaces. There is an option to assume an existing Fannie Mae loan.
Asking Price $40,000,000
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