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108 W Elizabeth Drive 108 W Elizabeth Dr 12 Unit Apartment Building $1,890,000 ($157,500/Unit) 5.53% Cap Rate Addison, IL 60101
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Recent Improvements
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Off-Street Parking & Amenities
- Quality of Life Amenities
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 108 W Elizabeth Drive in Addison, IL (the “Property”). The multi-story building contains twelve (12) total units comprised of ten (10) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units with 8,800 square feet of gross living area and 12,612 square feet of gross area. The Property is situated upon a 0.45 acre parcel and offers ample parking with a large lot containing thirty-two (32) spaces. 108 W Elizabeth Drive is well-positioned just off N Addison Road in the heart of Addison, offering strong visibility and convenient connectivity to surrounding residential neighborhoods and local commerce. The property provides quick access to major thoroughfares including Route 53, I-355, and I-290, enabling efficient regional travel throughout DuPage County and the greater Chicago metropolitan area. Nearby retail, dining, and community amenities, including the Addison Village Hall, parks, and established shopping centers, further enhance livability and support broad tenant appeal.
PROPERTY FACTS
| Price | $1,890,000 | Building Class | C |
| Price Per Unit | $157,500 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 12,612 SF |
| Cap Rate | 5.53% | Average Occupancy | 97% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.37/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | A | ||
| Price | $1,890,000 |
| Price Per Unit | $157,500 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 12,612 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 2.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
| 2+1 | 2 | - | 750 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 03-21-311-031 | Improvements Assessment | $236,140 |
| Land Assessment | $157,416 | Total Assessment | $393,556 |
PROPERTY TAXES
Parcel Number
03-21-311-031
Land Assessment
$157,416
Improvements Assessment
$236,140
Total Assessment
$393,556
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108 W Elizabeth Drive | 108 W Elizabeth Dr
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