ON MARKET - MULTI-FAMILY
9452 Maple Drive Rosemont, IL 60018
PRICE
$990,000
NUMBER OF UNITS
6
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 9452 Maple Drive, a 6-unit apartment building located in the near northwest suburb of Rosemont. The Subject Property is strategically located within walking distance to an array of retail and entertainment options, and just 0.7 miles from the Rosemont CTA Blue Line. Residents benefit from an abundance of large employers located within minutes of the Property, such as O’Hare International Airport, Rivers Casino, and numerous 5-star hotels. Additionally, close proximity to Interstates I-90 and I-294 provide easy access to downtown Chicago and surrounding suburbs.

The Property includes one (1) 1-bedroom unit and five (5) 2-bedroom units, along with six (6) surface parking spaces. The apartment units feature hardwood floors, updated baths, electric radiant heat, and individual hot water heaters. The all-electric building minimizes operating expenses as tenants pay for both heating and hot water.

The building has been meticulously maintained and managed by the same family since 1986 and displays true pride of ownership. Recent capital improvements include new windows, new doors, new air conditioning sleeves, copper plumbing, and a newer roof.

A new operator will have the opportunity to acquire a fully occupied, cash-flowing asset on day one of ownership. Offered at an attractive 5.63% capitalization rate based upon current income, further upside lies in the below market rents. Per the enclosed rental survey, future ownership will have the opportunity to raise rental income by over 20% ‘As-Is.’

9452 Maple Drive is located in a booming economic, entertainment, and transportation hub. New ownership will have the potential to benefit greatly from the increased demand for and limited supply of housing in the immediate area.

LOCATION DETAILS

The Village of Rosemont, IL is one of the key municipalities in the State of Illinois. Rosemont is situated near Interstates I-90 and I-294, making it a highly accessible location to downtown Chicago and the northwest suburbs. Additionally, various modes of public transportation serve the village. The CTA Blue Line has a station at Rosemont, and the Metra North Central Service has a station nearby at O’Hare Transfer.

Chicago O’Hare International Airport, partially located in Rosemont, employs over 41,000 people. This major transportation hub provides a stable flow of workers living in Rosemont, boosting the demand for housing. The airport’s presence ensures a continuous influx of residents seeking convenient access to their workplaces, further enhancing the village’s development.

HIGHLIGHTS
  • Fully Occupied Cash-Flowing Asset
  • Strong Unit Mix: Five (5) 2-Bedroom & One (1) 1-Bedroom Units
  • Recent Capital Improvements: Copper Plumbing, Roof, Windows, & Doors
  • Significant As-Is Rental Upside: $100-$500/Month/Unit
  • Meticulously Maintained: Same Owner Since 1986
  • Fantastic Location: Walking Distance to CTA Rosemont Station
  • Within Minutes of O'Hare International Airport, Endless Retail, & Entertainment
LISTING BROKER
Associate
773.305.4900