Listed by Marcus & Millichap - Chicago Oak Brook
$11,850,000
2033 Ridge Road
Details
Property Type Retail
Square Footage 36,787
Cap Rate 6.02%
NOI $556,867
Acreage 0.680
Ground Lease No
37-Unit Mixed-Use Property in the Heart of Downtown Homewood, Illinois
Marketing description
Marcus & Millichap has been selected to exclusively market for sale The Hartford, a 37-unit multifamily property in Homewood, Illinois. This investment offers an investor the opportunity to acquire a newly constructed, stabilized asset that offers cash flow on day one.
Investment highlights
- Price includes TIF | Real Estate Tax Reimbursement through 2041
- Average Apartment Unit Size: 715 Square Feet
- Average Apartment Rent Per Unit: $2,085/Unit
- Newer Construction, Built in 2023
- Located in the Heart of Downtown Homewood
- Walking Distance to Homewood Metra Station and Amtrak Station
- Average Household Income within One Mile is $109,068
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$556,867.00
$46,405.58/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
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Property History
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