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3-Building Multi-Family Package

$1,830,000

1111, 1117, 1123 Broadway Ave., North Chicago, IL 60064

Active
Last Updated: 04/11/2025

10.1

Cap Rate

184,729

NOI

Details:
Cap Rate:    10.1%
NOI:    $184,729
Lot Area:    0.55 acres
Units:    18
Year Built:    1962
Zoning:    R-4
MlsNumber:    12218250
Floors:    2
Parking Spots:    20
Highlights:
  • Lot Dimension: 120x200
  • Annual Tax: $ 28086.0
  • Gross Income: $ 262200.0
  • Water: Municipal Water
  • Age: Over 50 Years Old
  • Sewer: Public
  • Lot Size: 1/2 - 1 Acre
Description:

Price Reduced – Motivated Seller! Cash Cow Investment Opportunity in North Chicago!

Don't miss this exceptional chance to own a high-performing 3-building multi-family package in a rapidly growing market. With 18 total units and 20 parking spaces , this property is offering strong immediate returns and long-term upside. Each building includes five 2-bedroom units and one 1-bedroom unit , with updated interiors in 70% of the units. The buildings are 100% occupied and well-maintained, with on-site coin laundry providing additional income. Located in an up-and-coming North Chicago neighborhood, this investment presents incredible value and stability with room for future growth. The seller is highly motivated , and with the recent price reduction , this is your chance to secure a rare, income-producing asset at a great value. Whether you're expanding your portfolio or looking for a rock-solid performer, this property delivers. Act fast—opportunities like this don’t last!

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