This well-maintained 6-unit apartment building, part of a larger apartment association, features 3 two-bedroom and 3 one-bedroom units. With historically low vacancy rates and 3 units currently rented below market, the property offers immediate income and significant value-add potential through targeted rent adjustments and renovations. A first floor washer and dryer provide additional revenue opportunities. Located within walking distance of Palwaukee Plaza, tenants enjoy convenient access to a grocery store and multiple dining options, enhancing the property's overall appeal.
MLS# | 12221284 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1972 |
Days On Site | 68 |
Listing Provided By | Homes R Us Realty Inc. | John Kim |
SQ Feet | 5,796 |
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Story(s) | 3 |
Units | 6 |
Zoning | MULTI |
State | IL |
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County | Cook |
City | Prospect Heights |
Zip Code | 60070 |
Area | Prospect Heights |
Listing VS Median (in 60070) | |
Price: $799,000 low | high Med: $253,000 SqFt: 5,796 low | high Med: 1,050 $ / SqFt: $138 low | high Med: $242 On Site: 68 low | high Med: 10.000000 |