ON MARKET – MULTI-FAMILY
9115 W Cermak Road North Riverside, IL 60546
PRICE
$985,000
NUMBER OF UNITS
10
CAP RATE
5.86%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 9115 W Cermak Road, a 10-unit apartment property located in the Cook County suburbs of North Riverside. The building consists of (8) 1Bd/1Ba and (2) 2Bd/1Ba units.

The Property has been meticulously maintained by the same owner for the last 25+ years presenting investors a rarely available opportunity to acquire a well located suburban property with significant rental upside. Current rents are averaging between $100-150 per month below market in current condition and could be increased even further with minor cosmetic updates to the units. Additionally, the property is solid Flexicore construction with radiant floor heating, providing tenants a quiet and efficient unit to live-in year round.

LOCATION DETAILS

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HIGHLIGHTS
  • Impeccably maintained by same ownership for 25+ years
  • Located directly across from Broadview Village Square Retail Shopping Center
  • Opportunity to raise rents between $100-150 per month "as-is"
  • Solid Flexicore construction with radiant floor heat throughout
  • Prime rental location in North Riverside
LISTING BROKER
Derek Kaptanoglu
Director
773.305.4862