1743 Chariot Ct Mount Prospect, IL 60056
- Commercial real estate
- 9,340 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1743 Chariot Ct
- Year built
- 1978
- Lot size
- 0.12 lot acres
- Property size
- 9,340 SF
- Property type
- Commercial real estate
- APN
- 08-22-401-047-0000 & 08-22-401-048-0000
Description
This exceptional investment opportunity presents a well-maintained, stabilized multifamily property located at 1743-45 W Chariot Ct, Mount Prospect, IL 60056. The property consists of two three-story brick buildings, totaling 12 units (six 2-bedroom and six 1-bedroom apartments) and offering 9,340 square feet of net rentable space. Currently boasting 100% occupancy, the property generates a strong NOI of $93,496, with a pro-forma NOI projected at $103,000, resulting in a 5.20% cap rate and a pro-forma cap rate of 5.73%. Built in 1978, the property sits on a lot size of 0.12 to 0.13 acres and includes 24 parking spaces. The asking price is $1,798,000, translating to $149,833.33 per unit and $192.51 per square foot. The property is zoned for multi-family apartments and benefits from its convenient location near I-90 and major roads, offering easy access to the city, shopping, and employment centers in office and manufacturing areas. The property also enjoys the advantage of being situated in a good school district. The property's Air Rights are 9,340 sq ft. Parcel numbers are 08-22-401-047-0000 & 08-22-401-048-0000. The property is owned by an LLC.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Prospect
- County
- Cook
- State
- Illinois
- Longitude
- -87.963178909876
- Latitude
- 42.029042106919
