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DESCRIPTION

Asking Price 10X Gross Income! Bartlett Lake Apartment Complex consists of four 4 story elevator buildings built on 11.02 acres. There are 136 2 bedroom apartments and 56 1 bedroom apartments. Average size of apartments is 850 sqft. There are 350+ parking spaces. The property boasts a playground and recently totally refurbished swimming pool10.78 acres located on the corner of Lake St (Route 20) and Bartlett Rd in Bartlett Illinois 1/4 mile from train and near new Elgin OHare exit.

KEY DETAILS
  • Price:
  • $23,000,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 11.02
  • Year Built:
  • 1971
  • MLS #:
  • 10096887
  • Street Address:
  • 561 Deere Park Cir
  • City:
  • Bartlett
  • State:
  • IL
  • Postal Code:
  • 60103
  • County:
  • Cook
  • Area:
  • Bartlett
  • Listing Status:
  • For Sale - Active

Building

  • Age Of Dwelling:
  • 36-50 Years
  • Construction Description:
  • Brick
  • Exterior Description:
  • Brick
  • Number Of Units:
  • 192
  • Stories:
  • 4
  • Unit1 Bedrooms:
  • 2
  • Unit1 Total Rooms:
  • 5
  • Unit2 Bedrooms:
  • 2
  • Unit2 Total Rooms:
  • 4
  • Unit3 Bedrooms:
  • 1
  • Unit3 Total Rooms:
  • 4
  • Year Built:
  • 1971

Business

  • Annual Insurance Expenses:
  • 125000

Land

  • Lot Square Footage:
  • 469576

Listing

  • Sale Terms:
  • Conventional, Assumption-Conv

Money

  • Property Taxes:
  • $303,000
  • Tax Year:
  • 2016
  • Tenant Pays:
  • Electric

Structures

  • Parking Spaces:
  • 350

Systems

  • Cooling System:
  • Wall Sleeve

Source

  • Listing Provided By American Realty Services

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SCHOOL RATINGS

No school information available.

NOTES

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