465 N Mill Rd | Addison, IL 60101
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465 N Mill Rd
Addison, IL 60101
Lake-Mill Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 12 Units Total: 10 two-bedroom units and 2 one-bedroom units — all fully leased
- 7 Units Remodeled: Between 2016 and 2024; all but one unit has been updated
- Convenient Access: Near expressways, shopping centers, and parks
- Solid Income Stream: Strong rental income with an excellent cap rate
- New Parking Lot: 26-space lot completed in 2025
- Convenient Access: Near expressways, shopping centers, and parks
PROPERTY FACTS
| No. Units | 12 | Building Size | 12,089 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2024 |
| Building Class | C | Parking Ratio | 4.17/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | A - Apartments | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 12,089 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2024 |
| Parking Ratio | 4.17/1,000 SF |
| Zoning | A - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Storage Space
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $1,518 | - |
| 1+1 | 2 | $1,235 | - |
PROPERTY TAXES
| Parcel Number | 03-20-416-004 | Improvements Assessment | $236,140 |
| Land Assessment | $157,416 | Total Assessment | $393,556 |
PROPERTY TAXES
Parcel Number
03-20-416-004
Land Assessment
$157,416
Improvements Assessment
$236,140
Total Assessment
$393,556
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