Five-Unit Apartment
For Sale
Contact for pricing
38185 N State Park Rd, Spring Grove, IL 60081
Fully leased five-unit building with a mix of 4-, 3-, and 2-bedroom units plus separate 3-car garage.
Property SizeContact for details
Days on Market123
Property Features for 38185 N State Park Rd
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
Jameson Sotheby's International Realty
(847) 217-1512
Listed By:
Martin Vehlow · License #IL 475186293
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 7:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jameson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This five-unit apartment building is fully leased and offers a rare unit mix, including two 4-bedroom units, one 3-bedroom unit, one 2-bedroom unit, and one 1-bedroom unit. The property includes a separate 3-car garage, as well as a large basement with a dedicated laundry room and a separate, sizable storage room.
A circle drive provides convenient on-site access with plenty of parking. Tenants pay their own electric service. The building is currently served by well and septic, with available hookups to public water and sewer.
According to the provided remarks, the property is legal non-conforming per county. Easy access to highways is noted for commuter convenience, along with access to Fox Lake for shopping, chain access, and recreational opportunities.
A circle drive provides convenient on-site access with plenty of parking. Tenants pay their own electric service. The building is currently served by well and septic, with available hookups to public water and sewer.
According to the provided remarks, the property is legal non-conforming per county. Easy access to highways is noted for commuter convenience, along with access to Fox Lake for shopping, chain access, and recreational opportunities.
Key Highlights
- Fully leased 5‑unit building with a unit mix of two 4‑bed units, one 3‑bed, one 2‑bed, and one 1‑bed unit
- Separate 3‑car garage plus a circle drive with plenty of parking
- Huge basement includes a laundry room and large storage room
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 60081, IL
9,396
Population
3,436
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
94%
High-School Grad
19.7 sq mi
ZIP Area
477
Density / Sq Mi
$116,278
Median Household Income
$52,404
Median Earnings
$1,204
Median Rent
$332,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully leased five-unit building with a mix of 4-, 3-, and 2-bedroom units plus separate 3-car garage.
Where is this multifamily property located?
The property is located at 38185 N State Park Rd Spring Grove, IL.
What are key features of this property?
This property features: Fully leased 5‑unit building with a unit mix of two 4‑bed units, one 3‑bed, one 2‑bed, and one 1‑bed unit; Separate 3‑car garage plus a circle drive with plenty of parking; Huge basement includes a laundry room and large storage room
