Multi-Unit Apartment Complex For Sale
Chatham Crossing
Located in sought after Chatham, Illinois
Multi-Unit Apartment Complex For Sale
Chatham Crossing
Located in sought after Chatham, Illinois
Welcome
There's so much to see. Take your time, look around and learn all there is to know about the Chatham Crossing Apartments at 799 Titan Court in Chatham, IL.
INVESTMENT OPPORTUNITY - 60-UNIT MULTIFAMILY PROPERTY
Chatham Crossing - Asking Price: $6,500,000
Property Overview
Nestled in the thriving community of Chatham, IL, this exceptional multifamily property presents a rare investment opportunity that combines modern luxury living with strong rental income potential. With a stellar occupancy rate of 97%, the property has proven itself as a prime income generator. Built in 2005, the property comprises 16 well-maintained buildings, offering a total of 60 units, and is designed to cater to a diverse range of residents. Situated on beautifully landscaped grounds, this property is a testament to quality craftsmanship and attention to detail.
Unit Mix:
8 One Bedroom, One Bath Flat Units
4 Two Bedroom, Two Bath Flat Units
18 Two Bedroom, Two Bath Townhomes
30 Three Bedroom, Two Bath Townhomes
Key Features
- Prime Location: Situated in a highly desirable area, residents have easy access to local amenities, shopping centers, schools, and parks, making it an attractive choice for tenants.
- Strong Rental Income: Currently generating $58,000 in monthly gross rents, this property offers a steady cash flow. Furthermore, it's projected to achieve $62,000 in monthly gross rents by November 2023, reflecting its potential for increased revenue.
- Modern Design: Built in 2005, the property boasts contemporary design and architecture, appealing to residents seeking a modern living experience.
- Parking Convenience: With 110 parking spaces available, tenants and guests will find ample parking options, a valuable feature in this community.
- High Occupancy: The property's impressive 97% occupancy rate underscores its desirability and stability as an investment.
- Unit Variety: The diverse unit mix caters to a wide range of tenants, from individuals and couples to families, ensuring consistent demand.
- Well-Maintained Grounds: The property's well-landscaped grounds create a welcoming atmosphere, enhancing the overall living experience.
- Investment Potential: With its strong rental history and potential for increased income, this property is an attractive opportunity for seasoned investors and newcomers alike.
This 60-unit multifamily property represents the epitome of modern living and investment potential. Whether you're looking to expand your real estate portfolio or enter the market as a savvy investor, this property is primed for success. Don't miss your chance to secure this income-generating asset.
New roofs on all buildings in 2022, also new energy efficient shower heads and toilets in all units in 2022.
Aerial View
Photo Gallery
3D Tour | Unit 1
3D Tour | Unit 2
CONTACT
CONTACT
Daniel Nika, Broker
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