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12510 Vincennes Rd 6 Unit Apartment Building $650,000 ($108,333/Unit) 7.02% Cap Rate Blue Island, IL 60406
Investment Highlights
- Strong unit mix with a heavy concentration of large 2- and 3-bedroom floor plans
- Average in-place rent of $1,383 with upside potential
- Beautifully renovated units with new kitchens, updated baths, and private balconies in every unit
- On-site parking and laundry facility
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 12510 Vincennes Rd, a six-unit building in Blue Island with a highly desirable unit mix: one 3 bed / 2 bath, four 2 bed / 2 bath, and one 1 bed / 1 bath.
Most units have been recently renovated with new kitchens and baths featuring stone countertops, new cabinets, and LVP flooring. Units are extremely spacious with functional layouts, and private balconies set the property apart in the submarket. The building also offers on-site parking and laundry.
Through management optimization and improved leasing strategy, a new owner can push gross rents and drive stronger cash returns.
Most units have been recently renovated with new kitchens and baths featuring stone countertops, new cabinets, and LVP flooring. Units are extremely spacious with functional layouts, and private balconies set the property apart in the submarket. The building also offers on-site parking and laundry.
Through management optimization and improved leasing strategy, a new owner can push gross rents and drive stronger cash returns.
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $108,333 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 10,108 SF |
| Cap Rate | 7.02% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $650,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 10,108 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
| 1+1 | 1 | - | 750 |
| 3+2 | 1 | - | 1,050 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-30-308-064-0000 | Improvements Assessment | $52,362 |
| Land Assessment | $3,638 | Total Assessment | $56,000 |
Property Taxes
Parcel Number
25-30-308-064-0000
Land Assessment
$3,638
Improvements Assessment
$52,362
Total Assessment
$56,000
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