4337 Prescott Ave Lyons, IL 60534

Property Details for 4337 Prescott Ave

Year built

1965

Property type

Commercial real estate

Description

This exceptional 12-unit multifamily property, located at 4337 Prescott Avenue in Lyons, Illinois, presents a compelling investment opportunity. Part of a larger, efficiently managed 24-unit portfolio (including a sister property at 7821 43rd Street), this building offers immediate cash flow due to its 100% occupancy rate. The property boasts a desirable unit mix, including four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, catering to a diverse tenant base. The proximity of the two properties within the portfolio allows for streamlined management and operational efficiencies, minimizing overhead and maximizing returns. This turnkey investment is ideal for those seeking a stable, income-producing asset in a well-established location. The property's strong occupancy and consistent rental income make it an attractive option for both seasoned investors and those new to the multifamily market. The location in Lyons, Illinois offers convenient access to local amenities and transportation, further enhancing the property's appeal to tenants. This is a rare opportunity to acquire a well-maintained, fully occupied multifamily building with significant potential for future growth and appreciation. The asking price of $1,520,000 reflects the property's strong financial performance and its position within a larger, well-managed portfolio. Serious inquiries are encouraged.

Location Insight

City

Lyons

County

Cook

State

Illinois

Longitude

-87.819

Latitude

41.8119