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Iron Flats 211 W Main St

130 Unit Apartment Building $5,408,018 CAD ($41,600 CAD/Unit) Carpentersville, IL 60110

Apartment Buildings Illinois Carpentersville 211 W Main St, Carpentersville, IL 60110

Investment Highlights

  • 3.2 Acres of Development Land; Land is approved for 130-units of Class-A multi-family apartments
  • TIF Funding Available; Approximately $11,000,000 of Tax Incrementing Financing (TIF) funds is approved for this development
  • Shovel Ready; All plans and permits have been approved by the city and site is construction ready
  • Minimal Soft Cost; Current owners have invested over $2,000,000 in zoning, engineering, plans, and more, minimizing upfront soft cost

Executive Summary

Enjoy this 3.2 Acres of Development Land for $3.85M. Shovel Ready! All plans and permits have been approved by the city and site is construction ready.

Property Facts

Price $5,408,018 CAD Apartment Style Mid Rise
Price Per Unit $41,600 CAD Lot Size 3.20 AC
Sale Type Investment Construction Status Proposed
No. Units 130 Building Size 100,000 SF
Property Type Multifamily No. Stories 4
Property Subtype Apartment Parking Ratio 2.4/1,000 SF
Price $5,408,018 CAD
Price Per Unit $41,600 CAD
Sale Type Investment
No. Units 130
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Lot Size 3.20 AC
Construction Status Proposed
Building Size 100,000 SF
No. Stories 4
Parking Ratio 2.4/1,000 SF

Site Amenities

  • 24 Hour Access
  • Concierge
  • Elevator
  • Sundeck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 70 - -
2+2 40 - -
Studios 20 - -

Links

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zoning

Zoning Code GC (General Commercial)
GC (General Commercial)
(312) 269-0220

  • Listing ID: 33585146

  • Date on Market: 2024-10-21

  • Last Updated:

  • Address: 211 W Main St, Carpentersville, IL 60110

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Iron Flats | 211 W Main St
(312) 269-0220 x

Iron Flats | 211 W Main St

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Chad Firsel

(312) 269-0220

(312) 269-0220

Aaron Zell

(312) 269-9494

(312) 269-9494

Clayton Maxfield

(773) 983-0708

(773) 983-0708

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