18014 Wentworth AveLansing, IL 60438

For Sale
$584,900

Six-unit apartment building; high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional two-story apartment building, located at 18014 Wentworth Ave in Lansing, Illinois (zip code 60438), presents a lucrative investment opportunity. The property boasts six units, each recently renovated with updated kitchen cabinets, lighting, flooring, doors, and trim, as well as new bathrooms. Significant improvements have also been made to the building's infrastructure, including new water heaters, new furnaces, and new window air conditioning units in every apartment. The roof has been recoated, ensuring long-term durability. A convenient amenity for tenants is the inclusion of new coin-operated washers and dryers located in the basement. The asking price is $584,900, translating to a price per unit of $97,483.33. The property's strong financial performance is evident in its impressive net operating income (NOI) of $63,751, resulting in a compelling 10.90% capitalization rate. This multifamily property in Cook County offers a compelling combination of attractive features, recent renovations, and a high return on investment, making it an ideal addition to any portfolio. The property is situated at 41.5678418 latitude and -87.5300421 longitude.

Highlights

  • $584,900 asking price for a 6-unit apartment building in Lansing, IL.
  • 10.90% cap rate with a $63,751 NOI.
  • Six units in a two-story building.
  • $97,483 per unit price.
  • Broker co-op available.

Property Details for 18014 Wentworth Ave

Property type
Multifamily properties, Apartment buildings
Stories
2
Units
6

Location Insight

City
Lansing
County
Cook
State
Illinois
Latitude
41.5678418
Longitude
-87.5300421
18014 Wentworth Ave, Lansing, Illinois

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18014 Wentworth Ave
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