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Bellerose Gardens Apartments 725 E Glenwood Lansing Rd 100 Unit Apartment Building $12,950,000 ($129,500/Unit) Glenwood, IL 60425
EXECUTIVE SUMMARY
Real Realty is pleased to present the Bellerose Garden Apartments located in Glenwood, IL. The property consists of 100 apartment units spread across 7 buildings. Glenwood is a suburban Chicago town located approximately 28 miles south of the Chicago's CBD. The property is located near Midway International Airport, I-294, I-94, & I-80.
The property consists of 23 - one-bedroom apartments and 77 - two bedroom units. Bellerose Gardens has undergone significant renovations over the past few years including a master key and intercom systems, A/C unit upgrades, repairs and replacements to heat and hot water systems, landscaping and 32 of the 100 units have been fully remodeled.
This is an opportunity for a new owner to take over a professionally managed property and continue to renovate the remaining apartment and increasing cash flow for above market returns.
The property consists of 23 - one-bedroom apartments and 77 - two bedroom units. Bellerose Gardens has undergone significant renovations over the past few years including a master key and intercom systems, A/C unit upgrades, repairs and replacements to heat and hot water systems, landscaping and 32 of the 100 units have been fully remodeled.
This is an opportunity for a new owner to take over a professionally managed property and continue to renovate the remaining apartment and increasing cash flow for above market returns.
PROPERTY FACTS Under Contract
| Price | $12,950,000 | Building Class | C |
| Price Per Unit | $129,500 | Lot Size | 6.09 AC |
| Sale Type | Investment | Building Size | 106,066 SF |
| No. Units | 100 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MF - Multi-family | ||
| Price | $12,950,000 |
| Price Per Unit | $129,500 |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.09 AC |
| Building Size | 106,066 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | MF - Multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Office
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Gated
- Grill
- Laundry Service
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 38 | - | 660 |
| 2+1 | 62 | - | 835 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $323,748 | |
| Land Assessment | $84,383 | Total Assessment | $408,131 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,383
Improvements Assessment
$323,748
Total Assessment
$408,131
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Bellerose Gardens Apartments | 725 E Glenwood Lansing Rd
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