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8516 Brookfield Avenue

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Address: 8516 Brookfield Ave, Brookfield, IL 60513, USA

Chicago & Midwest + 2-4 Units

Created date: August 29, 2024

Date last updated: September 4, 2024

4-Unit Flexi-Core Building
(1) 1Bd/1Ba, (3) 2Bd/1Ba
20-25% Rental Upside
Walking Distance to Hollywood (Zoo Stop) Metra Station

Property Description

Essex 312, LLC has been exclusively engaged to market the sale of 8156 Brookfield Ave., a 4-unit flexi-core apartment building located in the western suburb of Brookfield. The building consists of (3) 2 bedroom 1 bathroom apartments and (1) 1 bedroom 1 bathroom apartment. The building features four parking spaces, two newer boilers (2019 & 2016), and a newer hot water tank (2021). All units are currently occupied. A new owner may wish to add value by increasing rents by 20-25% in three of the units, which would increase monthly income by roughly 17%. Additionally, a new owner may elect to charge for parking spaces. The property is located directly across the street from the Hollywood (Zoo Stop) Metra station.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$650,000
No. of Units:	4
Opportunity Zone:	No
Price per unit:	$162,500
Property Website	Click Here