Two-Property Multifamily Offering
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Two-Property Multifamily Offering
2 Multifamily Properties Offered at $1,687,680 CAD in Matteson, IL
Investment Highlights
- Solid, Quiet, All-Brick 6 Flats in Lincoln Terrace
- All Electric Buildings, Tenants Pay HVAC & Water
- Excellent Location Near Shopping & Transit
Executive Summary
Brookline Real Estate is proud to present the multifamily assets at 4020 Charleston Road and 4052 216th Street in the desirable Lincoln Terrace neighborhood in Matteson, IL. The high-image and well maintained properties each consist of six apartments.
This two-property offering will effectively provide an investor with stabilized assets featuring twelve total tenants. Multiple units in the all-brick buildings have been renovated, and additional value can be added through updating the remaining units to collect higher rents. Each building is all electric, and tenants pay for heat, A/C, and water.
The buildings are located in a quiet and wooded residential area just a few blocks from the active and growing trade area at Route 30 and Cicero Avenue. Transit is very accessible with the Matteson Metra train stop just three blocks away, and I-57 nearby.
At the site of the former Lincoln Mall nearby, a master redevelopment plan for a brand new, mixed-use community for the 60-acre site is underway.
These assets are being offered at a 8.01% CAP rate with tremendous cash flow and future upside.
This two-property offering will effectively provide an investor with stabilized assets featuring twelve total tenants. Multiple units in the all-brick buildings have been renovated, and additional value can be added through updating the remaining units to collect higher rents. Each building is all electric, and tenants pay for heat, A/C, and water.
The buildings are located in a quiet and wooded residential area just a few blocks from the active and growing trade area at Route 30 and Cicero Avenue. Transit is very accessible with the Matteson Metra train stop just three blocks away, and I-57 nearby.
At the site of the former Lincoln Mall nearby, a master redevelopment plan for a brand new, mixed-use community for the 60-acre site is underway.
These assets are being offered at a 8.01% CAP rate with tremendous cash flow and future upside.
Property Facts
| Price | $1,687,680 CAD | Number of Properties | 2 |
| Price / SF | $75.79 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.01% | Total Building Size | 22,268 SF |
| Sale Type | Investment | Total Land Area | 1.15 AC |
| Status | Active |
| Price | $1,687,680 CAD |
| Price / SF | $75.79 CAD / SF |
| Cap Rate | 8.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,268 SF |
| Total Land Area | 1.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4020 Charelston Rd, Matteson, IL 60443 | Multifamily | 6,392 SF | 1979 | - |
| 4052 216th St, Matteson, IL 60443 | Multifamily | 15,876 SF | 1978 | - |
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William Lundy -
Brookline Real Estate
(630) 590-5910
x109
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Two-Property Multifamily Offering
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