Address: 19653 S Edinburgh Ln, Frankfort, IL 60423, USA
Created date: January 6, 2025
Date last updated: January 8, 2025
- Modern Building: Built In 2011 With Condo-Quality Finishes Throughout All Six (6) 2Bd/2Ba Units
- Tenant Amenities: Elevator, In-Unit Laundry, Garage Parking, Individual Utilities, and Private Storage For Each Unit
- Turn-Key Investment: 100% Occupied With No Needed Capital Expenditures, Offering Immediate Cash Flow
- Strong Rental Market: Steady Rent Growth, Growing Rental Demand, And Low Vacancy Rates
- Below Market Rents: Opportunity To Increase Monthly Income By Up To 15% By Raising Rents To Market Levels
Property Description
Essex Realty Group, Inc. is pleased to exclusively market for sale 19653 S Edinburgh Lane, Frankfort, IL. This six-unit (6) apartment building, built in 2011, is located in the desirable suburb of Frankfort, Illinois in Will County. The property features a unit mix of six (6) 2Bd/2Ba apartments, each with condo-quality finishes throughout. Every unit is equipped with in-unit washers and dryers, individual hot water tanks, and furnaces.
Additional amenities include a passenger elevator, one garage and one surface parking spot for each unit, private storage units, and a recreational room in the basement area offering tenants modern, low-maintenance living.
19653 S Edinburgh offers a potential buyer a true turn-key investment with immediate cash flow. Additionally, there is significant upside potential through market rent adjustments, which could increase monthly rental income by nearly 15%. Situated near major transportation routes and the amenities of Frankfort, 19653 S Edinburgh Lane offers investors a stable asset with substantial growth potential.