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450 Perrie Dr
Elk Grove Village, IL 60007
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Located in a highly desirable submarket.
- Each unit offers private balcony access.
- Consistently leased, reflecting strong rental demand.
- Features a strong unit mix appealing to a broad tenant base.
- Includes an on-site laundry facility.
- Turnkey multifamily asset in a supply-constrained suburb.
Executive Summary
Income-producing 6-unit multifamily portfolio located in the highly desirable Elk Grove Village submarket. This income-producing asset features a strong unit mix consisting of two 1-bedroom/1-bath units on the first floor and four 2-bedroom/1-bath units across the second and third floors, appealing to a broad tenant base. Each unit offers private balcony access, enhancing tenant satisfaction and retention.
The property includes an on-site laundry facility, providing additional income potential and convenience for residents. The building has been consistently leased, reflecting strong rental demand in this established residential area.
This offering presents an excellent opportunity to acquire a turnkey multifamily asset in a supply-constrained, high-demand suburb with proximity to major employment corridors, transportation, and retail amenities. The portfolio is being offered as a single package, ideal for investors seeking scale, stability, and long-term appreciation potential.
Four of the units are month-to-month rentals currently leased below market value, providing an immediate opportunity for a new investor-owner to implement strategic rent increases upon renewal. This near-term rent growth potential offers a clear path to boosting net operating income (NOI) and enhancing overall property returns, making this an attractive value-add play within a stable, high-demand submarket.
The property includes an on-site laundry facility, providing additional income potential and convenience for residents. The building has been consistently leased, reflecting strong rental demand in this established residential area.
This offering presents an excellent opportunity to acquire a turnkey multifamily asset in a supply-constrained, high-demand suburb with proximity to major employment corridors, transportation, and retail amenities. The portfolio is being offered as a single package, ideal for investors seeking scale, stability, and long-term appreciation potential.
Four of the units are month-to-month rentals currently leased below market value, providing an immediate opportunity for a new investor-owner to implement strategic rent increases upon renewal. This near-term rent growth potential offers a clear path to boosting net operating income (NOI) and enhancing overall property returns, making this an attractive value-add play within a stable, high-demand submarket.
Property Facts
| Price Per Unit | $206,700 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.97% | Lot Size | 3.21 AC |
| No. Units | 6 | Building Size | 4,540 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1984 |
| Price Per Unit | $206,700 CAD |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.21 AC |
| Building Size | 4,540 SF |
| No. Stories | 3 |
| Year Built | 1984 |
Amenities
Site Amenities
- Laundry Facilities
Property Taxes
| Parcel Numbers | Improvements Assessment | $106,364 CAD | |
| Land Assessment | $25,023 CAD | Total Assessment | $131,387 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$25,023 CAD
Improvements Assessment
$106,364 CAD
Total Assessment
$131,387 CAD
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