UNDER CONTRACT – MULTI-FAMILY
15 Clay Avenue Highwood, IL 60040
PRICE
Call for details
NUMBER OF UNITS
12
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 15 Clay Ave., located in the highly coveted North Shore suburb of Highwood. This elevator building was constructed in 2008 and is comprised of twelve (12) large units - eleven (11) 2Bd/2Ba and one (1) 1Bd/1.5Ba unit. These large units feature condo-quality finishes, individual furnaces, water heaters, and in-unit laundry. The Property also features 25 parking spaces consisting of 13 heated garage spaces and 12 outdoor surface spaces.

The Property is situated steps from downtown Highwood and 0.3 Miles from the Highwood Metra Station. The convenient location affords tenants with all the amenities of Highwood within close proximity, including numerous restaurants, shopping, parks, and a highly rated school system.

15 Clay Ave offers a new owner the ability to acquire a high-quality asset in a phenomenal location. As the enclosed rental survey indicates, current rents are $150-$250 below market, allowing a new owner the opportunity to realize significant increases in returns with minimal work.

LOCATION DETAILS

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HIGHLIGHTS
  • Newer Construction North Shore 12-Unit
  • As-Is Rental Upside: $150-$250 Per Unit
  • Heated Parking Garage (13 Spaces) Plus an Additional 12 Exterior Spaces
  • Concrete Construction (2008)
  • Attractive Unit Mix: 11 - 2Bd/2Ba and 1 - 1Bd/1.5Ba (1,533 SF Avg)
  • Steps to Downtown Highwood and 0.3 Miles from Highwood Metra Station.
LISTING BROKER
Anthony Citriglia
Director
773.305.4844