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1712 Sable Ln 6 Unit Apartment Building $1,000,000 ($166,667/Unit) 5.69% Cap Rate Mount Prospect, IL 60056
INVESTMENT HIGHLIGHTS
- 1994 Construction
- Updated & Individual HVAC Units (2017-2025)
- On-site Laundry & Parking
- Desirable Unit Mix - (5) 2BD/2BA & (1) 1BD/1BA
- Newer Roof (2017)
- Rents ~20% Below Market
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present 1712 Sable Ln, a well-maintained 6-unit multifamily property in Mount Prospect, IL, a vibrant northwest suburb just 20 miles from downtown Chicago. Known for its strong school system, community, and excellent connectivity, Mount Prospect offers a high quality of life and consistent rental demand.
The property consists of five 2BD/2BA units and one 1BD/1BA unit, with shared access to an on-site laundry facility. Major building upgrades include a new roof (2018), updated HVAC systems across all units (2017–2025), and a 400AMP electrical service. Built in 1994, the building benefits from solid construction and thoughtful maintenance.
Ownership is further streamlined by a community association, with dues covering exterior landscaping, snow removal, parking lot maintenance, and trash service—reducing operational overhead and enhancing curb appeal.
This is a rare opportunity to acquire a stabilized asset in a desirable suburban market, with potential for increased returns through strategic leasing and light modernization.
The property consists of five 2BD/2BA units and one 1BD/1BA unit, with shared access to an on-site laundry facility. Major building upgrades include a new roof (2018), updated HVAC systems across all units (2017–2025), and a 400AMP electrical service. Built in 1994, the building benefits from solid construction and thoughtful maintenance.
Ownership is further streamlined by a community association, with dues covering exterior landscaping, snow removal, parking lot maintenance, and trash service—reducing operational overhead and enhancing curb appeal.
This is a rare opportunity to acquire a stabilized asset in a desirable suburban market, with potential for increased returns through strategic leasing and light modernization.
PROPERTY FACTS
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $166,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.69% | Building Size | 5,300 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 2.26/1,000 SF |
| Zoning | 2-11 | ||
| Price | $1,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,300 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | 2-11 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,046 |
| 2+2 | 5 | - | 1,046 |
1 1
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 08-22-203-077-0000 | Improvements Assessment | $63,199 |
| Land Assessment | $2,550 | Total Assessment | $65,749 |
PROPERTY TAXES
Parcel Number
08-22-203-077-0000
Land Assessment
$2,550
Improvements Assessment
$63,199
Total Assessment
$65,749
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1712 Sable Ln
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