Property summary
This exceptional 60-unit multifamily property in Chatham, IL, presents a compelling investment opportunity. Boasting a remarkable 97% occupancy rate, this asset offers immediate and substantial income potential. Built in 2005, the property consists of 16 well-maintained buildings totaling 63,024 square feet, situated on beautifully landscaped grounds. The property's design caters to a diverse range of residents, ensuring consistent demand. The individual units are meticulously maintained, reflecting a commitment to quality and resident satisfaction. This turnkey investment is comprised of seven parcels (29-06.0-329-001, 29-06.0-401-001, 29-06.0-401-002, 29-06.0-401-003, 29-06.0-401-004, 29-06.0-401-005, 29-06.0-401-006) and is priced at $6,500,000. Its prime location in the thriving community of Chatham ensures continued strong rental demand and long-term value appreciation. This property is an ideal addition to any existing portfolio or a perfect entry point for investors seeking a high-performing, low-maintenance asset. Further details are available at chathamcrossing4sale.com.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Complex
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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