ON MARKET – MULTI-FAMILY
49 Hillside Avenue Hillside, IL 60162
PRICE
$650,000
NUMBER OF UNITS
8
CAP RATE
7.44%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 49 Hillside Avenue, a 8-unit California style apartment property located in the Cook County suburbs of Hillside. The building consists of (8) 1Bd/1Ba units.

The 1Bd/1Ba units are currently average $843 per month. Investors have the opportunity to increase rents on average of $50 per month through minor cosmetic updates to the units as current ownership has kept units in standard condition with minor updates to the kitchens. Recent capital improvement include a new (75) gallon water tank installed in 2016, and new layer on roof in 2014.

The subject property presents a new owner with the unique opportunity to acquire a California style apartment with rental upside and in a rarely available suburban neighborhood.

LOCATION DETAILS

Located approximately 15 miles west of Chicago, Hillside encompasses just over 3 square miles and is bordered by Berkeley to the north, Westchester to the south, Maywood to the west, and Villa Park to the east.

The subject property sits less than a mile away from Proviso West High School and provides easy access to highways 290, 294, and 88.

HIGHLIGHTS
  • 8-unit California style apartments
  • Opportunity to raise rents on average of $50 per month
  • Located in a rarely available suburban neighborhood
  • Close proximity to schools and highway access
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Derek Kaptanoglu
Associate
773.305.4862