4209 W 115th St | Alsip, IL 60803
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- LoopNet Team
4209 W 115th St
Alsip, IL 60803
Crestline Villa Apartments · Multifamily Property For Sale
·
144 Units
INVESTMENT HIGHLIGHTS
- Strong Performing Asset - Current Cap Rate: 6.28%
- Value-Add Opportunity – 25-33% Rental Increases on Remodeled Units
- Desirable Unit Mix: (96) 2Bd/1Ba & (48) 1Bd/1Ba Units
- High Occupancy - 99% Leased
- Several Recent Capital Expenditures – Over $1.5M Spent in Last Two Years
- Attractive Six (6) Acre Site with Ample Greenspace
PROPERTY FACTS
| No. Units | 144 | Building Size | 141,557 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 20.44/1,000 SF |
| Lot Size | 5.63 AC | ||
| Zoning | R-2, Alsip | ||
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.63 AC |
| Building Size | 141,557 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 20.44/1,000 SF |
| Zoning | R-2, Alsip |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Pet Play Area
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 72 | - | 765 |
| 2+1 | 72 | - | 865 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,069,931 | |
| Land Assessment | $135,726 | Total Assessment | $1,205,657 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$135,726
Improvements Assessment
$1,069,931
Total Assessment
$1,205,657
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