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261 Mohawk Drive 261 Mohawk Dr 4 Unit Apartment Building $525,000 ($131,250/Unit) 6.02% Cap Rate Bourbonnais, IL 60914
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Value-Add Potential
- Off-Street Parking
- Area Amenities
- Separately Metered Utilities
- Strong Rental Demographics & Demand
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 261 Mohawk Drive in Bourbonnais, IL (the “Property”). The two-story building contains four (4) 2-Bedroom/1.5-Bathroom units with 4,400 square feet of gross living area and 4,500 square feet of gross area. The Property is situated upon a 0.36-acre parcel and offers ample parking with eight (8) spaces available in a paved lot in front of the Property.
261 Mohawk Drive is well-positioned within Bourbonnais, offering strong neighborhood visibility and convenient access to local residential and commercial corridors. The property benefits from proximity to Illinois Route 50 and Interstate 57, ensuring efficient regional connectivity to Kankakee, Joliet, and the Greater Chicago area. Nearby retail, dining, educational, and recreational amenities enhance livability and support long-term tenant appeal.
261 Mohawk Drive is well-positioned within Bourbonnais, offering strong neighborhood visibility and convenient access to local residential and commercial corridors. The property benefits from proximity to Illinois Route 50 and Interstate 57, ensuring efficient regional connectivity to Kankakee, Joliet, and the Greater Chicago area. Nearby retail, dining, educational, and recreational amenities enhance livability and support long-term tenant appeal.
PROPERTY FACTS
| Price | $525,000 | Apartment Style | Low-Rise |
| Price Per Unit | $131,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6.02% | Building Size | 4,500 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Price | $525,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.78/1,000 SF |
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261 Mohawk Drive | 261 Mohawk Dr
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