1639 Forest Rd | La Grange Park, IL 60526
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- LoopNet Team
1639 Forest Rd
La Grange Park, IL 60526
Forest Glen Apartments · Multifamily Property For Sale
·
264 Units
INVESTMENT HIGHLIGHTS
- Assumable Debt at 3.3% rate with 9 years remaining
- $1,009 Avg. In-Place Rent w/ Several Value-Add Strategies
- La Grange District 102 & Lyons Township District 204 Schools
- Ideal Mix of 127 one-bedrooms and 133 two-bedrooms
- Capital Improvements in-excess of $640K
- Historically Strong Occupancy
PROPERTY FACTS
| No. Units | 264 | Building Size | 185,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 6.02 AC | ||
| Zoning | F, La Grange Park | ||
| No. Units | 264 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.02 AC |
| Building Size | 185,000 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | F, La Grange Park |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Package Service
- Trash Pickup - Curbside
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 124 | - | 600 - 675 |
| 2+1 | 140 | - | 700 - 840 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,482,862 | |
| Land Assessment | $199,625 | Total Assessment | $1,682,487 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$199,625
Improvements Assessment
$1,482,862
Total Assessment
$1,682,487
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