Property summary
The property is a multifamily building on a 0.77-acre lot with approximately 13,568 square feet of building area, configured with 16 units: 15 units with a 2-bedroom, 1-bath layout and 1 unit with a 1-bedroom, 1-bath layout. Unit interiors were updated within the past five years and include improvements such as new shower surrounds, flooring, lighting, window treatments, appliances, and most heating elements. An on-site, coin-operated laundry room is provided with two washers and two dryers. The property has a replaced parking lot (2019), a mansard roof replacement (2020), and fencing installed or replaced around the property (2023). Parking is arranged with two reserved stalls provided per resident except for the 1-bedroom unit. Utilities are structured with resident responsibility for electric, water included, and no gas service to the building. The building backs onto the Gilman bike path and is located near the I-88 expressway and the Premium Outlet Mall area. The units have been described as operating on 12-24 month lease terms.
Property profile
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Value estimation
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Cap rate
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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