310 Duane St 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 4.56% Cap Rate Glen Ellyn, IL 60137
INVESTMENT HIGHLIGHTS
- 6 units
- Zoned R4
- Built in 1960
- 100% Occupancy
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in the sought-after Glen Ellyn area. This impressive 6,400 SF building comprises 6 units, offering a lucrative prospect for prospective Multifamily/Mid- Rise investors. Zoned R4, the property is ideally situated in a thriving location, presenting a solid foundation for a successful multifamily real estate venture. With its spacious layout and strategic positioning in the Glen Ellyn area, this property presents an enticing opportunity to capitalize on the growing demand for multifamily housing in this desirable neighborhood. Don't miss the chance to make this property the cornerstone of your real estate investment portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$103,111
|
$16.11
|
| Other Income |
$3,188
|
$0.50
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,299
|
$16.61
|
| Taxes |
$19,065
|
$2.98
|
| Operating Expenses |
$32,562
|
$5.09
|
| Total Expenses |
$51,627
|
$8.07
|
| Net Operating Income |
$54,672
|
$8.54
|
PROPERTY FACTS
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R-4, Glen Ellyn |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 950 |
1 of 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 05-10-411-070 | Total Assessment | $256,080 (2023) |
| Land Assessment | $46,080 (2023) | Annual Taxes | $19,065 ($2.98/SF) |
| Improvements Assessment | $210,000 (2023) | Tax Year | 2024 |
