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Cortland Estates 230 McMillan Ct 96 Unit Apartment Building For Sale Cortland, IL 60112
Investment Highlights
- Placed in service in 1998 and all units are restricted to residents earning under 60% AMI
- Located in Chicago market, adjacent to the city of Dekalb
Executive Summary
96 units
Built in 1998 with low-income housing tax credits
Spacious two- and three-bedroom floorplans
Maintain near full occupancy
High end apartment and community amenities
Built in 1998 with low-income housing tax credits
Spacious two- and three-bedroom floorplans
Maintain near full occupancy
High end apartment and community amenities
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 7.46 AC |
| No. Units | 96 | Building Size | 101,784 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1998 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.46 AC |
| Building Size | 101,784 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1998 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
Site Amenities
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Property Manager on Site
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | $1,293 | 888 |
| 3+2 | 72 | $1,493 | 1,121 |
Property Taxes
| Parcel Number | 09-20-102-001 | Total Assessment | $1,740,364 (2024) |
| Land Assessment | $275,458 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,464,906 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
09-20-102-001
Land Assessment
$275,458 (2024)
Improvements Assessment
$1,464,906 (2024)
Total Assessment
$1,740,364 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Cortland Estates | 230 McMillan Ct
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