4621 Raymond Ave Brookfield, IL 60513
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 4621 Raymond Ave
- Year built
- 1986
- Property type
- Commercial real estate
Description
This exceptional 5-unit apartment building presents a rare investment opportunity in the desirable Brookfield, Illinois market, located within the sought-after Lyons Township High School district. The property, built in 1986, is a three-story, all-brick structure boasting 100% occupancy. Each of the spacious units features individual furnaces, contributing to efficient energy management. A convenient on-site laundry room is equipped with two washers and two dryers for tenant use. Ample parking is available, including a two-car garage and additional exterior spaces. Significant updates have been made to the property, including complete window replacement in 2016, a roof estimated to be 10-12 years old, and furnace replacements within the last decade. The current Net Operating Income (NOI) stands at $49,754, yielding a 6.22% cap rate. Pro-forma projections indicate a potential NOI of $65,435, resulting in an 8.18% cap rate. The asking price is $799,000, translating to $159,800 per unit. This property offers a compelling combination of strong current performance and significant upside potential, making it an ideal addition to any investment portfolio. The property is located at 4621 Raymond Ave, Brookfield, IL 60513.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookfield
- County
- Cook
- State
- Illinois
- Longitude
- -87.854612091233
- Latitude
- 41.806351122199
