6852-6854 111Th Pl Worth, IL 60482

Property Details for 6852-6854 111Th Pl

Year built

1968

Property type

Commercial real estate

Description

This exceptional 10-unit apartment building in Worth, Illinois presents a compelling investment opportunity. Originally a 12-unit property, it has been thoughtfully renovated and reconfigured into a highly efficient 10-unit complex. Two units have been strategically expanded and duplexed into the lower level, maximizing space and rental potential. Currently fully occupied with reliable tenants and boasting no pending evictions, this turnkey property offers immediate and consistent income generation. The building features independently metered units, each equipped with in-unit washer/dryer and central heating. Tenant responsibility includes all utilities except water and garbage, which are covered by the landlord. This property boasts a strong 8% cap rate, with the potential to reach 9% or more through market rent adjustments. Detailed financial statements, including profit and loss information, are available upon request, providing a transparent view of the building's financial performance. This is a rare opportunity to acquire a stable, high-yielding multi-family investment in a desirable location. The property is priced at $1,410,000. Don't miss this chance to secure a significant return on your investment.

Location Insight

City

Worth

County

Cook

State

Illinois

Longitude

-87.7913

Latitude

41.6894