The Hayward/Woodruff Apartments 1860-1900 Parkside Dr Immeuble residentiel 16 lots 2 595 900 € (162 244 €/Lot) Taux de capitalisation 5,05 % Park Ridge, IL 60068

Kiser Group is pleased to exclusively offer for purchase 1860-1900 Parkside Dr, a rarely available 16-unit apartment building in the highly desirable Park Ridge, IL. This affluent suburban community in Cook County, just 15 miles northwest of downtown Chicago, is known for its charming downtown, excellent schools, and high quality of life. Park Ridge offers a sophisticated mix of peaceful residential areas, a vibrant commercial district, and abundant green spaces, along with convenient access to Metra and O'Hare Airport, providing both suburban tranquility and city connectivity.
Situated on a picturesque, tree-lined street, 1860-1900 Parkside Dr features an appealing unit mix of nine (9) spacious 2BD/1BA apartments and seven (7) well-appointed 1BD/1BA apartments. The property also consists of ten (10) garage parking spots, along with twenty-three (23) outdoor parking spots. The units offer a range of finishes, from classic vintage charm with original hardwood floors throughout to more contemporary spaces featuring new appliances, modern cabinetry, and stylish LVP flooring. Enhancing the property's appeal are modern boiler systems, updated electric service, and a significant number of exterior capital improvements, reflecting meticulous maintenance.
1860-1900 Parkside Dr presents investors with a distinctive opportunity to acquire a meticulously maintained asset in the highly coveted Park Ridge market, where investment properties of this size rarely become available. By implementing strategic leasing initiatives and continuing unit modernization efforts, investors can significantly enhance returns while capitalizing on the consistent appreciation of property values in this highly sought-after community.