3901 Haas Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3901 Haas Ave
8 Unit Apartment Building $920,000 ($115,000/Unit) 6.72% Cap Rate Lyons, IL 60534
Investment Highlights
- Fully Occupied Property in Desirable Lyons Location
- Eight (8) 1Bd/1Ba Units; 75% of the Units Have Been Renovated
- High Demand Suburban Rental Market
- Complete replacement of roof currently under construction
- Significant Rental Upside -15-20% in As-is Condition
Executive Summary
Essex Realty Group, Inc. has been exclusively engaged to market for sale of 3901 Haas Avenue, an 8-unit apartment property located in the Cook County suburb of Lyons. The building consists of (8) 1Bd/1Ba units, seven surface parking spaces, and on-site coin laundry.
Investors have the opportunity to acquire a fully occupied property in a highly desirable suburban location with immediate returns. In the current condition, there is a 15-20% upside in rents which will allow a potential investor to recognize a strong 7.51% cap rate once stabilized. In addition, the owner is currently doing a complete tear off of the roof which will be completed by the time of new ownership.
The Subject Property is located 12 miles southwest of Downtown Chicago and 1 mile from the Riverside Metra station. The Property's convenient location offers residents easy access to public transportation and nearby shops and restaurants.
Investors have the opportunity to acquire a fully occupied property in a highly desirable suburban location with immediate returns. In the current condition, there is a 15-20% upside in rents which will allow a potential investor to recognize a strong 7.51% cap rate once stabilized. In addition, the owner is currently doing a complete tear off of the roof which will be completed by the time of new ownership.
The Subject Property is located 12 miles southwest of Downtown Chicago and 1 mile from the Riverside Metra station. The Property's convenient location offers residents easy access to public transportation and nearby shops and restaurants.
Property Facts
| Price | $920,000 | Apartment Style | Low Rise |
| Price Per Unit | $115,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.72% | Building Size | 4,842 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment |
| Price | $920,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,842 SF |
| No. Stories | 2 |
| Year Built | 1961 |
Unit Amenities
- Balcony
1 of 1
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 18-01-202-038-0000 | Improvements Assessment | $51,027 |
| Land Assessment | $4,029 | Total Assessment | $55,056 |
PROPERTY TAXES
Parcel Number
18-01-202-038-0000
Land Assessment
$4,029
Improvements Assessment
$51,027
Total Assessment
$55,056
zoning
| Zoning Code | R-1A, County (Residential) |
| R-1A, County (Residential) |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3901 Haas Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.