ON MARKET – MULTI-FAMILY
10067 Franklin Avenue Franklin Park, IL 60131
PRICE
$300,000
NUMBER OF UNITS
4
CAP RATE
6.49%
PROPERTY LISTED

Essex Realty Group, Inc. is pleased to present 10067 Franklin Ave, a 3,588 SF building zoned C-M (Commercial Manufacturing) in the highly desirable Village of Franklin Park. The property is being used as residential rentals and it has been impeccably maintained by the same resident owner for over a decade. The owner preserved the vintage feel of the property while renovating it after the initial acquisition. Most recent renovations include wired smoke detectors (2020), a new roof with ice shield (2016), two new hot water tanks (2016), and a rebuilt chimney (2016).

This is a low maintenance property with very manageable expenses. Property is comprised of one (1) 1 Bed/1 Bath, (1) 2 Bed/1.5 Bath, and two (2) 2 Bed/1 Bath apartments with spacious floor plans. All units are in original condition and feature a mix of hardwood and carpet flooring. Rents are far below the market based upon comparable properties in the area. Through a more aggressive leasing approach and modest updates, rents could be significantly increased.

LOCATION DETAILS

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HIGHLIGHTS
LISTING BROKERS
Yury Ivanou
Director
773.305.4872
Courtney O'Keefe
Senior Associate
773.305.4868