ON MARKET – MULTI-FAMILY
2703-11 Galilee Ave Zion, IL 60099
PRICE
$490,000
NUMBER OF UNITS
11
CAP RATE
9.03%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 2703-11 Galilee Ave. in the Chicago suburb of Zion. The unit mix consists of four (4) 1Bd/1Ba and seven (7) 2Bd/1Ba units.

The two buildings have received various recent updates including new shingle roofs, hot water tanks, boilers, and sub pumps. All 11 units have been updated with standard finishes and fresh paint. 2703-11 Galilee presents an investor with the opportunity to acquire two well-kept buildings in the high-demand rental market of Zion. Rents could potentially be increased by $50 per unit per month as-is, further increasing their return.

LOCATION DETAILS

Located just two and a half miles from Lake Michigan, the property is surrounded by numerous parks and lakefront amenities. These include the North Dunes Nature Preserve, Illinois Beach State Park, and ThunderHawk Golf Club. The property is also two miles from the city's Metra station making it an ideal location for those commuting to Chicago and nearby communities.

HIGHLIGHTS
  • Two Well-Kept Buildings in High-Demand Rental Market of Zion
  • Mix of 1 & 2 Bedroom Units
  • Under Market Rents
  • New Tear-Off Roofs in 2019
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Anthony Citriglia
Associate
773.305.4844