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16-22 E Benton Avenue

Naperville, IL 60540
  • $2,200,000
  • STATUS: Active Under Contract
  • ON SITE: 157 Days
  • MLS #: 12087327
Under Contract
$2,200,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1993
County:
Area:

School Ratings & Info

Description

Prime Downtown Naperville. Only 3 blocks from the Metra, heart of thriving downtown Naperville, on west edge of North Central College Campus. Building comprised of (10) 1Bd/1Ba apartments and (1) 2Bd/2Ba apartment with coin laundry. All updated. Units have radiant heat and are cooled with air units. The building has been very well maintained and has a strong history of occupancy. Current rental rates are below market value rent for the area. Plenty of room to increase CAP rate with rental increases.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-05T23:59:23.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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16-22 E Benton Avenue Naperville, IL 60540

  • Price: $2,200,000
  • Status: Active Under Contract
  • On Site: 157 Days
  • MLS #: 12087327
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1993
Built
Neighborhood:
Dupage
County:
Dupage
Area:
Dupage
Property Description
Prime Downtown Naperville. Only 3 blocks from the Metra, heart of thriving downtown Naperville, on west edge of North Central College Campus. Building comprised of (10) 1Bd/1Ba apartments and (1) 2Bd/2Ba apartment with coin laundry. All updated. Units have radiant heat and are cooled with air units. The building has been very well maintained and has a strong history of occupancy. Current rental rates are below market value rent for the area. Plenty of room to increase CAP rate with rental increases.
Exterior Features

Frontage Type City Street Outdoor Parking Parking-Street

Interior Features

Cooling Window Unit(s) Heat Ventilation Radiant

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN No Contingency Attorney/Inspection Continue To Show No - has seller written direction Current Use Multi-Family Gross Income 177600 Gross Scheduled Income 178878 Insurance Expense 4362 Maintenance Expense 10966 Mls Actual Status Contingent Net Operating Income 107878 Operating Expense 71000 Ownership Types Individual Tax Annual Amount 31191 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 14907 Township Naperville Type Multi Family 5+ Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Premiere Properties: 630-545-9860.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-05T23:59:23.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
Champaign IL, 61822