111 Sycamore Dr | Park Forest, IL 60466
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- LoopNet Team
111 Sycamore Dr
Park Forest, IL 60466
Autumn Ridge Apartments · Multifamily Property For Sale
·
384 Units
INVESTMENT HIGHLIGHTS
- Professional Offering Memorandum Available Upon Request
- Assumable Debt: Total Balance of $36.4MM [79% LTV at List], 5.55% IR
- Ownership Recently Spent $3 Million in Renovation
- 304 Apartments, 80 Townhomes
- Favorable Mix of Majority [70%] 2BD/2BA and 3BD/2BA Units
- Opportunity for Investor to Achieve Stellar Cash-On-Cash Returns with Assumable Below-Market Interest Rate, Higher Leverage Debt
PROPERTY FACTS
| No. Units | 384 | Lot Size | 35.06 AC |
| Property Type | Multifamily | Building Size | 472,626 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Zoning | R2-A - C - Commercial | ||
| No. Units | 384 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 35.06 AC |
| Building Size | 472,626 SF |
| No. Stories | 6 |
| Year Built | 1972 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R2-A - C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Carpet
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Tennis Court
- Grill
- Laundry Service
- Package Service
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 600 |
| 1+1 | 97 | - | 882 - 900 |
| 2+2 | 188 | - | 1,168 |
| 3+2 | 80 | - | 1,375 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,982,172 | |
| Land Assessment | $434,807 | Total Assessment | $3,416,979 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$434,807
Improvements Assessment
$2,982,172
Total Assessment
$3,416,979
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