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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12296649
Year Built 1980
Annual Tax Amount $18,102
Tax Year 2023
Lot Dimensions 50X70
Property Sub-Type Multi Family 5+
Property Description
This six-unit (6) apartment building is part of the Country Glen Apartments community and features a unit mix of five (5) 2Bd/1Ba and one (1) 1Bd/1Ba apartments with spacious floor plans. The property benefits from association management that handles landscaping, snow removal, and scavenger services, making it a low-maintenance investment opportunity. Current rents at the property are below market, providing investors with an opportunity to increase rental income by nearly 10 percent in its as-is condition through market rent adjustments. Located near major transportation routes, retail centers, and suburban amenities, 2256 Nichols Road offers tenants convenience and accessibility. Arlington Heights' strong residential demand and vibrant community further enhance this property's appeal, making it an excellent value-add opportunity for investors.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
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Listed by Michael Masterson • Essex 312, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States