9500 Glenlake AveRosemont, IL 60018

This exceptional 39,900 square foot multifamily property, built in 1965, is located at 9500 Glenlake Ave, Rosemont, IL 60018, in Cook County. Currently configured as condominiums, this property presents a unique opportunity for deconversion into a thriving apartment building. The asking price is $11,000,000, translating to $275.69 per square foot. The property's strategic location near O'Hare International Airport, the Donald Stephens Convention Center, Allstate Arena, Fashion Outlets of Chicago, and Rivers Casino ensures consistent high demand for rental units. Currently, 80% of the units are already used as rentals, facilitating a smooth transition. The substantial size of the property, combined with the potential for significant rent increases through unit renovations and the development of amenity space in the large courtyard, offers a compelling investment prospect. The property's proximity to numerous employment centers and entertainment venues caters to the strong workforce housing needs in the area, promising a robust return on investment. This is a rare chance to acquire a well-positioned multifamily asset with considerable upside potential in a thriving commercial hub.