Dorchester Townhomes & Residences

1450 East 154th Place, Dolton, IL

$4,790,000

Price

8.34%

Cap Rate

$381,414

NOI

Gallery
Street
Map
Overview
Cap Rate
8.34%
NOI
$381,414
Building Size
63,940 sqft
Lot Area
0.17 acres
Units
57
Occupancy
98%
Year Built
1958
Description

Multifamily Investment Advisors with KW Commercial & Keller Williams ONEChicago is proud to present The Dorchester Townhomes at 1450 E. 154th PL. and 14547 Chicago Rd. The Dorchester Townhomes were originally built in 1958, the properties have an excellent unit mix consisting of (24) 1 bedroom/1 bathroom, (15) 2 bedrooms/1.5 bathrooms, (11) 3 bedrooms/1.5 bathrooms and (1) 5 bedrooms/3.5 bathrooms. The asset is currently 98% occupied, and the average rent is $1,135 across 51 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, parking and washer/dryer hookups. 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, the ME Metra Electric at 147th Street, or CTA bus line 353 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.



900 ft to I-90/94
3.4 Miles from the 137th Street Metra Train Station in Riverdale
2.3 Miles from shopping, dining, and banking in downtown Dolton
252,706 Population within 5 miles
5 Major Interstates within 6 miles
20 Miles to Downtown Chicago
3 International Airports within 50 minutes
6 Schools Located within a 5 Mile Radius

Location
Gallery