500 N Northwest Hwy
Park Ridge, IL 60068
The Parker · Multifamily Property For Sale
·
46 Units
Property Facts
| No. Units | 46 | Building Size | 63,410 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2016 |
| Building Class | A | Parking Ratio | 1.45/1,000 SF |
| Lot Size | 1.94 AC |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 1.94 AC |
| Building Size | 63,410 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 1.45/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Surround Sound
Site Amenities
- Fitness Center
- Pool
- Car Wash Area
About 500 N NORTHWEST HWY , PARK RIDGE, IL 60068
- Currently the property is managed and maintained by full-time staff. A new owner could implement a local management team who would be able to more effectively manage the property without staffing full time employees. - There is an assumable interest only loan - please ask for more information on the loan - During initial lease-up there was a significant marketing budget that could be lowered over time based on market presence and awareness - 92 parking space, 1/2 are garage spaces - Beautiful units with spacious kitchens with center islands, quartz countertops, stainless steel appliances, vinyl wood plank flooring, strategic USB outlets, fireplace in select units, washer/dryer in-unit and private balconies - The property features the following community amenities: a fitness center, Butterfly MX guest entry systems, car wash station, grilling area, pet friendly, and walking distance to the Park Ridge Metra station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 46 | - | 1,075 - 1,335 |
Property Taxes
| Parcel Number | 09-26-302-081-0000 | Improvements Assessment | $942,251 |
| Land Assessment | $131,249 | Total Assessment | $1,073,500 |
Property Taxes
