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    16-22 Benton Ave Naperville, IL 60540

    Sponsored
    For Sale
    $2,200,000

    Ten-Unit Apartment Building, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional ten-unit apartment building presents a compelling investment opportunity in the heart of vibrant downtown Naperville, Illinois. Strategically located just three blocks from the Metra station and on the western edge of the North Central College campus, this property enjoys an enviable location with high demand for rental units. The building comprises ten one-bedroom, one-bathroom apartments and one two-bedroom, two-bathroom apartment, all recently updated and boasting modern amenities. Each unit features efficient radiant heat and individual air conditioning units, ensuring year-round comfort for residents. The building is exceptionally well-maintained, exhibiting a consistent history of high occupancy rates. A significant advantage lies in the current rental rates, which are positioned below market value for the area, offering immediate potential for substantial rental income increases and a higher capitalization rate. The property sits on a 0.12-acre lot and is offered at $2,200,000. This presents a rare chance to acquire a well-established, high-performing multifamily asset in a prime Naperville location with significant upside potential for increased profitability. The on-site coin-operated laundry adds further convenience and revenue generation for the property. This is an ideal investment for those seeking a strong return on investment in a thriving and desirable market.

    Property Features for 16-22 Benton Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1993
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.14724
    Latitude
    41.77495

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    FAQs

    What type of property is this?
    Commercial real estate - Ten-Unit Apartment Building, High Potential
    Where is this commercial real estate located?
    The property is located at 16-22 Benton Ave Naperville, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (630) 545-9860
    Request Owner's contact information
    16-22 Benton Ave Naperville, IL 60540
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    Naperville, IL 60540
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16-22 Benton Ave Naperville, IL 60540
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