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68 Elizabeth Dr 42 Unit Apartment Building $6,600,000 ($157,143/Unit) 7.23% Cap Rate Addison, IL 60101
INVESTMENT HIGHLIGHTS
- Close to Addison Downtown
- Close to Shoppings
- Close Access to I-355
EXECUTIVE SUMMARY
All brick property apartments in desirable and accessible location. Close to schools, shopping, restaurants and expressways. Building is close to downtown area of Addison. 35 2-BR units and 7 1-BR units. All rents are current. Performa numbers based on current market rent rates in the area in Additional Information whereas the property tax is for 2023. The properties include 4 Buildings in the neighborhood: 68-86-126 Elizabeth and 569 Valeried in Addison, a Total of 42 units.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,600,000 | Building Class | C |
| Price Per Unit | $157,143 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 8,800 SF |
| Cap Rate | 7.23% | Average Occupancy | 100% |
| No. Units | 42 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 9.89/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3D, Addison - Multi Family | ||
| Price | $6,600,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 9.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3D, Addison - Multi Family |
AMENITIES
UNIT AMENITIES
- Eat-in Kitchen
SITE AMENITIES
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 10 | - | 750 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,377,593 | |
| Land Assessment | $551,016 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $826,577 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$551,016
Improvements Assessment
$826,577
Total Assessment
$1,377,593
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
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68 Elizabeth Dr
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