Kankakee Apartments

Kankakee, IL

  • Type: Multifamily

  • Sale Price: $710,000

  • Cap Rate: 7.80%

  • Unit Price: $30,870

  • Date: 01/20/20

  • Represented: Skokie Seller & Kankakee Buyer

 

Marcus & Millichap is pleased to present a unique investment portfolio with 45 units in Kankakee, Illinois. The 13 Buildings were constructed around 1966 and are composed of seventeen, one-bedrooms; twenty, two-bedrooms; four, three-bedrooms; one, four-bedroom; & three retail units. All units include a range, oven, refrigerator with slight renovations in 2012. Parking spaces available for all tenants at no cost. Tenants are responsible for all utilities.

This investment portfolio includes five commercial properties and eight single family homes. Units have been updated in 2012 with each building maintained by the same company. The portfolio has multiple value ad opportunities including rent growth to market average and updating units.

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