19653 S Edinburgh Lane

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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.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,600,000
No. of Units: 6
Year Built: 2011
Lot Size: 0.62 Sq ft
Opportunity Zone: No
Price per unit: $266,667
Property Website Click Here
Address: 19653 S Edinburgh Lane, Frankfort, IL 60423, USA
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