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Panton Mill Station 355 N La Fox St 100 Unit Apartment Building For Sale South Elgin, IL 60177
INVESTMENT HIGHLIGHTS
- Assumable Debt at 3.38% with 72% LTV and 11YRs of Term Remaining
- Reduced Property Taxes via TIF
- On-Site Management & Leasing Office
- Premium Unit Finishes & Location
- Highly Amenitized with Fitness Center, Pet Spa, Outdoor Grill, and Endless Outdoor Space
EXECUTIVE SUMMARY
Panton Mill Station is an exceptional 100-unit multifamily mid-rise property in South Elgin, IL. Built in 2020, this asset features premium finishes and sought-after amenities including a fitness center, on-site management office, pet spa, and endless outdoor space. With assumable debt at 3.38% and a Property TIF Program, this community presents a compelling investment opportunity in the thriving South Elgin market.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 5.00 AC |
| No. Units | 100 | Building Size | 111,848 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.5/1,000 SF |
| Building Class | A | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 5.00 AC |
| Building Size | 111,848 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Fitness Center
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Elevator
- Maintenance on site
- Pet Washing Station
- Public Transportation
- Individual Leases Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | - | 816 |
| 2+2 | 44 | - | 1,087 |
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PROPERTY TAXES
| Parcel Number | 06-35-131-006 | Improvements Assessment | $11,375,870 CAD |
| Land Assessment | $385,981 CAD | Total Assessment | $11,761,851 CAD |
PROPERTY TAXES
Parcel Number
06-35-131-006
Land Assessment
$385,981 CAD
Improvements Assessment
$11,375,870 CAD
Total Assessment
$11,761,851 CAD
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Panton Mill Station | 355 N La Fox St
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