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2121 176th Pl 2121 176th Pl 6 Unit Apartment Building $978,901 CAD ($163,150 CAD/Unit) 7.84% Cap Rate Lansing, IL 60438
Investment Highlights
- Located in Lansing, IL within the Chicago metropolitan area, offering access to a large regional population base.
- Convenient access to nearby arterial roadways and regional transportation routes.
- Positioned near established residential neighborhoods, supporting consistent local demand.
- Provides flexibility for a range of commercial or investment applications depending on configuration and zoning.
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 2121 176th Place in Lansing, IL (the “Property”). The three-story building contains four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units with 5,000 square feet of gross living area in 6,000 square feet of gross area. The Property is situated upon a 0.18-acre parcel and features twelve (12) off-street parking spaces.
2121 176th Place is strategically located in Lansing, Illinois, offering convenient access to the Chicago metropolitan area and key commercial corridors throughout the south suburban market. The property benefits from excellent connectivity to major transportation routes, including Interstate 94, Interstate 80, and Torrence Avenue, providing efficient regional access to downtown Chicago, Northwest Indiana, and surrounding industrial and residential communities.
2121 176th Place is strategically located in Lansing, Illinois, offering convenient access to the Chicago metropolitan area and key commercial corridors throughout the south suburban market. The property benefits from excellent connectivity to major transportation routes, including Interstate 94, Interstate 80, and Torrence Avenue, providing efficient regional access to downtown Chicago, Northwest Indiana, and surrounding industrial and residential communities.
Property Facts
| Price | $978,901 CAD | Building Class | C |
| Price Per Unit | $163,150 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 7.84% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment |
| Price | $978,901 CAD |
| Price Per Unit | $163,150 CAD |
| Sale Type | Investment |
| Cap Rate | 7.84% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 2/1,000 SF |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-25-414-011-0000 | Improvements Assessment | $59,038 CAD |
| Land Assessment | $4,751 CAD | Total Assessment | $63,789 CAD |
Property Taxes
Parcel Number
29-25-414-011-0000
Land Assessment
$4,751 CAD
Improvements Assessment
$59,038 CAD
Total Assessment
$63,789 CAD
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2121 176th Pl | 2121 176th Pl
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