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111 Sycamore Dr
Park Forest, IL 60466 Far South

$46,000,000 USD

Apartments For Sale  •  472,626 SF

Property Details

  • Property Type Apartments
  • Total Building Size 472,626 SF
  • Lot Size 39.43 AC
  • Building Class C
  • Year Built 1971
  • Zoning R2-A, Park Forest
21 Transit Score
0 Walk Score

Highlights

Professional Offering Memorandum Available Upon Request
304 Apartments, 80 Townhomes
Assumable Debt: Total Balance of $36.4MM [79% LTV at List], 5.55% IR
Favorable Mix of Majority [70%] 2BD/2BA and 3BD/2BA Units
Ownership Recently Spent $3 Million in Renovation
Opportunity for Investor to Achieve Stellar Cash-On-Cash Returns with Assumable Below-Market Interest Rate, Higher Leverage Debt

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Cable Ready
  • Clubhouse
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Property Manager on Site
  • Tennis Court
  • Heating
  • Grill
  • Laundry Service
  • Package Service
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Carpet
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Richton Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 3.4 mi
University Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 10 min - 5.0 mi
AirportDriveWalkDistance
Chicago Midway International 45 min - 26.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 744
Type: Surface
Included in Rent: Yes
Robert Berman 312-610-1074 Essex Realty Group
Robert Berman 312-610-1074 Essex Realty Group