Fully Occupied Two Building 24 Unit Multifamily Investment
Two-property, 24-unit multifamily portfolio in Lyons, Illinois. The portfolio includes 4337 Prescott Avenue and 7821 43rd Street, located just blocks apart, providing streamlined management and operational efficiency. Each property consists of 12 units, offering a mix of four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, catering to a range of tenant needs. Both properties are fully occupied, offering investors immediate cash flow from a stable tenant base. Recent capital improvements across both properties include new heating systems, modernized security systems with HD video cameras, and selective unit renovations. Each property is equipped with owned washers and dryers in on-site laundry facilities, offering convenience for tenants and an additional revenue stream. Ample on-site parking further enhances the appeal of these properties. Additionally, individual unit heating controls and updated bathrooms provide comfort for tenants and ease of management for new ownership. This portfolio presents a rare opportunity to acquire two well-maintained assets with significant potential for increased returns through continued unit updates and rental adjustments as leases renew. Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns.
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