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6545-6547 W 111th St 56 Unit Apartment Building $5,967,500 ($106,563/Unit) 7% Cap Rate Worth, IL 60482
EXECUTIVE SUMMARY
Real Realty has been exclusively engaged to bring to market the Aubrey Terrace Apartments located in Worth, IL. The property features two 28-unit buildings consisting of all 1-bedroom units. Landlord provides hot water baseboard heat, hot water, and cooking gas. The property has undergone significant renovations and repositioning in the market. All but 2 of the 56 units have been completely renovated. This includes new flooring, kitchen cabinets, countertops, and appliance packages. Bathrooms have received new or refinished tubs with new tile tub surrounds, new toilets, new vanities, mirrors, and lighting. This is an opportunity for an investor to purchase a property with fully renovated units with the ability to increase rents by $200 per month matching already achieved top line rents at the property.
PROPERTY FACTS Under Contract
| Price | $5,967,500 | Apartment Style | Low-Rise |
| Price Per Unit | $106,563 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.79 AC |
| Cap Rate | 7% | Building Size | 56,000 SF |
| Gross Rent Multiplier | 7.49 | No. Stories | 2 |
| No. Units | 56 | Year Built/Renovated | 1964/2024 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | B-2, Worth | ||
| Price | $5,967,500 |
| Price Per Unit | $106,563 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 7.49 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.79 AC |
| Building Size | 56,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | B-2, Worth |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | - | 650 |
1 1
Walk Score®
Very Walkable (78)
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6545-6547 W 111th St
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