Available For Sale - Multifamily

14,484 SF | Show Pricing $

Download Brochure

AVAILABILITY DETAILS

Size
14,484 SF
Price/SF
Show Pricing $
Listing ID
SA499767
Notes
eXp Commercial is pleased to present to market a fully occupied two-building 23-unit multifamily portfolio on the North side of Kankakee, IL near Bradley and Bourbonnais, IL. The offering is comprised of one 11-unit building at 924 E Willow St and one 12-unit building at 163 N Rosewood Ave. The properties are approximately five blocks from one another and owned, operated, and traded in the past as a portfolio.



The unit mix is comprised of 8 one-bedrooms, 14 two-bedrooms, and one four-bedroom unit that could be de-converted back to two adjacent two-bedroom units if desired to make this a 24-unit offering. Current rents are 10+ percent below market rents. As well, there is no on-site laundry or separately metered or billed water and sewer providing considerable upside in this offering.



Kankakee is the county seat of Kankakee County, located approximately 60 miles southwest of the downtown Chicago Loop. The area provides convenient access to Route 52 and Interstate 57. Public transportation is readily available at the Kankakee Amtrak Station, just over one mile southeast of the buildings, which is served by River Valley Metro for transportation by bus.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Randolph Taylor MBA CCIM, eXp Commercial
BRE# ​475.142701