Residences of Chicago Rd.

14547 Doctor Martin Luther King Junior Drive, Dolton, IL

$340,000

Price

11.76%

Cap Rate

4,715 sqft

Building Size

Overview
Cap Rate
11.76%
Building Size
4,715 sqft
Lot Area
0.17 acres
Units
6
Occupancy
100%
Year Built
1965
Floors
2
Heating
Gas
Description

Multifamily Investment Advisors with KW Commercial & Keller Williams ONEChicago is proud to present 14547 Chicago Rd. The asset is currently 100% occupied, and the average rent is $973 across 6 residential units. The property at 14547 Chicago Rd. was originally built in 1965 with a unit mix consisting of (1) 1 bedroom/1 bathroom unit and (5) 2 bedrooms/1 bathroom units. This is a well-maintained portfolio and in great condition.

 

 


Located in Dolton, Illinois, the Dorchester Townhomes community and Chicago Rd. property feature: hardwood floors, a dining room, walk-in closets, and parking. Located near restaurants, shopping centers, six local schools and the nearby Sand Ridge Nature Preserve, Gouwens Park, and River Oaks Golf Course. Located near the I-94 Freeway, or CTA bus lines along Chicago Rd. makes this a community ideal for commuters. This opportunity gives an investor the opportunity to acquire a stabilized asset and achieve returns from day one, while having plenty of options to improve and raise cashflow.


Location
Gallery