HOT West Suburb 9-Unit Building
7719 W Fullerton Ave. Elmwood Park, IL 60707
$133,333 Per Unit
** Inclusive of Buyer's Premium
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Purchase at target price with 25% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are well over $1,500 in the area. Current seller has been slow and inefficient on rental increases. Refinance and pull cash out based on higher value of the property.
About The Property
Not your everyday cookie-cutter building! This beautifully designed L-shaped 9-unit apartment complex features (7) 2-beds and (2) 1-bedroom units, all in good condition and 100% rented. The property currently grosses a very respectable $132,000 and has 6 dedicated parking spaces in the rear which can be monetized. The building is situated on a gorgeous corner lot, just 1000 feet from Elmwood Elementary School and just 400 feet from Oak Park Country Club
About The Neighborhood
Elmwood park is a small town bordering Chicago’s west side. With a population of 25,000, the town is known for its distinct Italian-American heritage and was famously incorporated to avoid annexation by Chicago in 1914. Elmwood Park is only 9 miles from downtown Chicago and exhibits many characteristics of Chicago’s neighborhoods.
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