4621 Raymond Ave Brookfield, IL 60513

This exceptional 5-unit apartment building presents a rare investment opportunity in the desirable Brookfield, Illinois market, located within the sought-after Lyons Township High School district. The property, built in 1986, is a three-story, all-brick structure boasting 100% occupancy. Each of the spacious units features individual furnaces, contributing to efficient energy management. A convenient on-site laundry room is equipped with two washers and two dryers for tenant use. Ample parking is available, including a two-car garage and additional exterior spaces. Significant updates have been made to the property, including complete window replacement in 2016, a roof estimated to be 10-12 years old, and furnace replacements within the last decade. The current Net Operating Income (NOI) stands at $49,754, yielding a 6.22% cap rate. Pro-forma projections indicate a potential NOI of $65,435, resulting in an 8.18% cap rate. The asking price is $799,000, translating to $159,800 per unit. This property offers a compelling combination of strong current performance and significant upside potential, making it an ideal addition to any investment portfolio. The property is located at 4621 Raymond Ave, Brookfield, IL 60513.