5450 S. Indiana Avenue Opportu
- 27 Units
EquityBuild is able to make this opportunity available as part of a portfolio of properties available only to us based on our unparalleled position in the Chicago-area market.
This three-story brick building has 27 units: 20 apartments above with 7 retail storefronts on the ground floor.
The larger-than-usual units are configured as 14 studios, 4 one-bedroom/one-bath flats, and 2 two-bedroom/two-bath apartments situated on two stories with private internal stairs.
The building is in good condition, significantly more improved than others in the neighborhood. All the units have been recently renovated with granite countertops, new cabinets, and refinished hardwood floors. The apartments contain tremendous closet space and individual furnaces.
The air conditioned ground floor retail units are large: six are 1,000 sf and the other is 2,000 sf. They face onto a busy commercial street, and have a major law firm as an anchor tenant.
EquityBuild's warrantied contractor team will improve the waterproofing and fireproofing in the basement, as well as minor foundation and floor framing repairs. The roof will need to be replaced, and some parapet walls will require restoration.
The building is located in Maywood, a western suburb of Chicago near Oak Park. It is situated amidst shops and restaurants, schools and churches.
The 245-acre Thatcher Woods nature preserve with its hiking trails along the Des Plaines River is only five blocks away. World famous Brookfield Zoo is just three miles south, and Oak Park Country Club is three miles to the north.
The Maywood Police department is planning to soon re-locate their headquarters immediately next door to the property, into the former site of a large grocery store.
The building is very convenient to public transportation, with a bus stop right across the street, and the Maywood Metra station just six blocks away.
The total cost of the property is $2,250,000.
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EquityBuild is a client advocate in a real estate world where we build life-long relationships to create turn-key solutions that consistently deliver double-digit returns. Real estate investment opportunities are carefully selected based on EquityBuild’s proprietary econometric model that identifies properties with strong upside and minimal risk. To learn more about EquityBuild and how you can invest directly in real estate with expert guidance and no landlord hassles please call (877) 978-1869.