343 Mill Rd Addison, IL 60101

Property Details for 343 Mill Rd

Year built

1970

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained, free-standing concrete building located at 343 N Mill Road in Addison, Illinois. The property comprises twelve rental units, specifically ten two-bedroom apartments and two one-bedroom apartments. Many units have undergone recent updates, ensuring a high standard of tenant appeal and maximizing rental income. The building itself is in excellent condition, reflecting consistent and diligent maintenance. Currently operating at full occupancy, this property benefits from its location in a high-demand rental market, guaranteeing strong cash flow. Its strategic position offers convenient access to a variety of amenities, including shopping centers, schools, employment opportunities, and efficient public transportation. The property's concrete construction contributes to its durability and longevity, making it a sound and stable investment for the discerning buyer. This is a turnkey operation, ready to generate immediate returns. The asking price is $1,700,000. This represents a compelling opportunity to acquire a fully occupied, well-maintained multifamily property in a prime Addison location. The property's strong tenant base and desirable location combine to create a highly attractive investment prospect with significant potential for long-term growth and profitability. Serious inquiries are encouraged.

Location Insight

City

Addison

County

DuPage

State

Illinois

Longitude

-88.0029

Latitude

41.9336