Glendale Heights, IL 60139 1246 Prairie Avenue

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Presented By: Coldwell Banker Realty
  • MLS# 12370280
  • 05/20/2025
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  • Beds • 2

Home Details

7-Unit Condo Rental Portfolio - Glendale Heights, IL Addresses Included: 1246 Prairie Ave Unit A 1277 Prairie Ave Unit C 496 Darlene Ln Unit B 488 Darlene Ln Unit D 495 Sidney Ave Unit D 1295 Pearl Ave Unit D 418 James Ct Unit B This is a rare opportunity to acquire a stabilized 7-unit 2-bed/1-bath rental portfolio located across multiple buildings in a well-established residential pocket of Glendale Heights, IL. These condo units have been under the same long-term ownership for approximately 20 years, with ownership now looking to cash out of a legacy investment. All seven units are fully leased with long-term, stable tenants in place. These "sticky" renters have expressed no desire to relocate, providing a reliable and consistent income stream. Rents are currently below market, offering an immediate value-add opportunity through strategic rent increases without the need for major renovations. Investment Highlights: (7) Two-Bedroom / One-Bathroom Units Fully Occupied with Leases in Place Strong In-Place Cash Flow Opportunity to Raise Rents to Market Levels Proven Tenant Retention History Professionally Managed Community This is a turnkey portfolio perfect for investors seeking immediate cash flow with upside potential in a high-demand rental market. Whether you're a seasoned operator looking to expand your portfolio or a new investor seeking stable returns, this Glendale Heights package checks all the boxes.
Presented By: Coldwell Banker Realty

General for 1246 Prairie Avenue

Additional Parcels Y/NYes
CityGlendale Heights
CountyDuPage
DirectionsNear the corner of Glen Ellyn Rd. & North Ave
Electric Expense
Fuel Expense
Gross Income144480
Insurance Expense
Lot Size Square Feet233046
MLS AreaGlendale Heights
MaintenanceExpense
ModificationTimestamp2025-05-26T05:07:25.866Z
Net Operating Income91911
Number Of Units Total7
Operating Expense52569
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount24942.2
Tax Year2023
TownshipBloomingdale
Trash Expense0
Water Sewer Expense0
Year Built1973

Exterior for 1246 Prairie Avenue

Lot Dimensions5.35

Additional Details

Price History

Client Care

Price $1,350,000
MLS#12370280
List Date 05/20/2025
Property Type Multi-Family
Phone 847.485.2500
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