ON MARKET – MULTI-FAMILY
1135 & 1165 N Boxwood Drive Mount Prospect, IL 60056
PRICE
$2,000,000
NUMBER OF UNITS
18
CAP RATE
5.53%
PROPERTY LISTED

Essex Realty Group Inc. has been exclusively engaged to market for sale 1135 & 1165 Boxwood Drive, two (2) nine (9) unit properties in the North Cook County suburb of Mount Prospect. Both buildings are comprised of two (2) studios, six (6) 1Bd/1Ba, and one (1) 2Bd/2Ba unit. The buildings are being offered as a portfolio but can be sold individually.

Both buildings have been well maintained by ownership and a number of the units have received a varying degree of updates. These include new floors, appliances, cabinets, countertops, and bathrooms. Current rents are below market; however, a new owner could achieve rents $100-$130 higher a month as-is.

The Properties are located within walking distance of Randhurst Village: an open-air mixed-use center featuring nearly 40 stores and restaurants, an AMC movie theater, office space, and hotel. In addition, the properties are about 1.5 miles to the Prospect Highs NCIS Metra station and 2 miles from the Mount Prospect UP-NW Metra station.

LOCATION DETAILS

.

HIGHLIGHTS
  • Two 9 Unit Apartment Buildings In Highly Desirable Suburb Of Mount Prospect
  • Four (4) Studios, Twelve (12) 1Bd/1Ba, & Two (2) 2Bd/2Ba
  • Strong Rental Upside
  • Attractive Location Near Retail and Transportation
  • Properties Offered Individually and as a Portfolio
LISTING BROKER
Anthony Citriglia
Director
773.305.4844