6100 South Harlem Avenue

• Opportunity to Increase Rents By $100-$200 Per Month
• Located Near Summit Metra Station, Restaurants & Shops
• Six (6) of Eight (8) Units Fully Rehabbed
• All Electric Building, Tenant Paid Heat
• Eight (8) Surface Parking Spaces

Property Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 6100 S Harlem Avenue, an 8-unit apartment building situated in the suburb of Summit, IL. The Subject Property consists of eight (8) 1-bedroom, 1-bathroom apartments. Additionally, the property includes eight (8) exterior surface parking spaces. At the listed price, a new owner can achieve an appealing 6.63% capitalization rate on current income, with the potential for additional upside. Current rents are below market rates presenting an opportunity for an investor to increase rental income by almost 20%, resulting in over a 30% increase in Net Operating Income. The property is situated 13 miles southwest of Downtown Chicago and only 1.2 miles from the Summit Metra station. Its favorable location allows residents easy access to public transportation, as well as nearby shops and restaurants.