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4337 Prescott Ave Lyons, IL 60534

For Sale
$1,520,000

12-Unit Building, Excellent Cash Flow

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional 12-unit multifamily property, located at 4337 Prescott Avenue in Lyons, Illinois, presents a compelling investment opportunity. Part of a larger, efficiently managed 24-unit portfolio (including a sister property at 7821 43rd Street), this building offers immediate cash flow due to its 100% occupancy rate. The property boasts a desirable unit mix, including four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, catering to a diverse tenant base. The proximity of the two properties within the portfolio allows for streamlined management and operational efficiencies, minimizing overhead and maximizing returns. This turnkey investment is ideal for those seeking a stable, income-producing asset in a well-established location. The property's strong occupancy and consistent rental income make it an attractive option for both seasoned investors and those new to the multifamily market. The location in Lyons, Illinois offers convenient access to local amenities and transportation, further enhancing the property's appeal to tenants. This is a rare opportunity to acquire a well-maintained, fully occupied multifamily building with significant potential for future growth and appreciation. The asking price of $1,520,000 reflects the property's strong financial performance and its position within a larger, well-managed portfolio. Serious inquiries are encouraged.

Property Features for 4337 Prescott Ave

General Information

Property type
Other commercial real estate

Building Details

Year Built
1965

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lyons
County
Cook
State
Illinois
Longitude
-87.81897
Latitude
41.81194

FAQs

What type of property is this?
Commercial real estate - 12-Unit Building, Excellent Cash Flow
Where is this commercial real estate located?
The property is located at 4337 Prescott Ave Lyons, IL.
What is the asking price?
The asking price for this property is $1,520,000.
More about this property
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