18014 Wentworth AveLansing, IL 60438

Property Details for 18014 Wentworth Ave

Property type

Apartment buildings

Description

This exceptional two-story apartment building, located at 18014 Wentworth Ave in Lansing, Illinois (zip code 60438), presents a lucrative investment opportunity. The property boasts six units, each recently renovated with updated kitchen cabinets, lighting, flooring, doors, and trim, as well as new bathrooms. Significant improvements have also been made to the building's infrastructure, including new water heaters, new furnaces, and new window air conditioning units in every apartment. The roof has been recoated, ensuring long-term durability. A convenient amenity for tenants is the inclusion of new coin-operated washers and dryers located in the basement. The asking price is $584,900, translating to a price per unit of $97,483.33. The property's strong financial performance is evident in its impressive net operating income (NOI) of $63,751, resulting in a compelling 10.90% capitalization rate. This multifamily property in Cook County offers a compelling combination of attractive features, recent renovations, and a high return on investment, making it an ideal addition to any portfolio. The property is situated at 41.5678418 latitude and -87.5300421 longitude.

Location Insight

City

Lansing

County

Cook

State

Illinois

Latitude

41.5678

Longitude

-87.53

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