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USAILGlendale Heights1246 Prairie Ave
1246 Prairie Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Glendale Heights IL | Image 1
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$1,350,000

1246 Prairie Ave, Glendale Heights, IL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $24,942
Days Active 3
Approx. Age 1973
MLS® Number 12370280

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

7-Unit Condo Rental Portfolio - Glendale Heights, IL Addresses Included: 1246 Prairie Ave Unit A 1277 Prairie Ave Unit C 496 Darlene Ln Unit B 488 Darlene Ln Unit D 495 Sidney Ave Unit D 1295 Pearl Ave Unit D 418 James Ct Unit B This is a rare opportunity to acquire a stabilized 7-unit 2-bed/1-bath rental portfolio located across multiple buildings in a well-established residential pocket of Glendale Heights, IL. These condo units have been under the same long-term ownership for approximately 20 years, with ownership now looking to cash out of a legacy investment. All seven units are fully leased with long-term, stable tenants in place. These "sticky" renters have expressed no desire to relocate, providing a reliable and consistent income stream. Rents are currently below market, offering an immediate value-add opportunity through strategic rent increases without the need for major renovations. Investment Highlights: (7) Two-Bedroom / One-Bathroom Units Fully Occupied with Leases in Place Strong In-Place Cash Flow Opportunity to Raise Rents to Market Levels Proven Tenant Retention History Professionally Managed Community This is a turnkey portfolio perfect for investors seeking immediate cash flow with upside potential in a high-demand rental market. Whether you're a seasoned operator looking to expand your portfolio or a new investor seeking stable returns, this Glendale Heights package checks all the boxes.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number12370280
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1973
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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