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2384 & 2396 Good Speed Lane

2 Multifamily Properties Offered at $2,626,752 CAD in Schaumburg, IL

Investment Highlights

  • Portfolio of Two Co-Located Properties
  • Value-Add Potential
  • Superior Location
  • Desirable Chicago Suburb

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Good Speed Lane Portfolio, two multi-family investment properties located at 2384 and 2396 Good Speed Lane in Schaumburg, Illinois (collectively, the “Properties” or the “Portfolio”). The Portfolio consists of two multi-family buildings containing a total of twelve (12) residential units comprised of six (6), 2-Bedroom/1-Bathroom units and six (6), 1-Bedroom/1-Bathroom units with 11,800 square feet of living area in 12,262 square feet of gross area and twenty-four (24) on-site parking spaces. The Portfolio features spacious layouts, and each of the units has a private balcony or patio. The buildings are part of a well-run and affordable association that covers common areas, exterior, windows, roof, water, and maintenance of utilities, decreasing day-to-day management needs. The Good Speed Lane Portfolio is well-located inside a larger residential community. The Property has been well-maintained and offers ample green space for residents. The Property is well-located in close proximity to Barrington Road, the area’s primary commercial corridor, and is close to area grocers, retailers, and restaurants. The Property also enjoys convenient access to area schools, highways, public transportation (bus), and numerous recreational and entertainment amenities. Schaumburg is a large village located in Cook County Illinois and is a northwestern suburb of Chicago. The village is located roughly 30 miles northwest of Chicago’s Central Business District and approximately 10 miles northwest of O’Hare International Airport.

Property Facts

Price $2,626,752 CAD
Price / SF $214.22 CAD / SF
Cap Rate 4.51%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 12,262 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
2384 Good Speed Ln, Schaumburg, IL 60194 Multifamily 6,131 SF 1980 -
2396 Good Speed Ln, Schaumburg, IL 60194 Multifamily 6,131 SF 1980 -
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  • Listing ID: 33858046

  • Date on Market: 2024-11-13

  • Last Updated:

  • Address: 2384 & 2396 Good Speed Lane, Schaumburg, IL

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