O'hare Glenlake Condominiums | 9504 Glenlake Ave
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O'hare Glenlake Condominiums 9504 Glenlake Ave
83 Unit Block of Flats £8,690,110 (£104,700/Unit) 6.76% Net Initial Yield Rosemont, IL 60018
Investment Highlights
- A+ Workforce Housing Location
- Continued Commercial Development in Rosemont
- Large Courtyard Can be Amenitized
- Diverse Unit Mix in Property of Scale
- Meaningful Rent Increases Possible via Unit Renovations
Executive Summary
Kiser Group is pleased to present the O'Hare Glenlake Condominiums for a Section 15 condominium deconversion sale. Surrounded by O'Hare, the Donald Stephens Convention Center, the Allstate Arena, The Fashion Outlets and River's Casino, the property benefits from an insatiable need for workforce housing. 80% of the units are currently used as rentals, paving the way for a smooth transition from condominiums to an apartment building. The property's scale and proximity to numerous demand generators, coupled with the ability to increase rents through renovations and creation of amenity space in the courtyard present new ownership with a truly unique opportunity.
Property Facts
| Price | £8,690,110 | Apartment Style | Garden |
| Price Per Unit | £104,700 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.37 AC |
| Net Initial Yield | 6.76% | Building Size | 79,900 SF |
| No. Units | 83 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1965 |
| Property Subtype | Apartment |
| Price | £8,690,110 |
| Price Per Unit | £104,700 |
| Sale Type | Investment |
| Net Initial Yield | 6.76% |
| No. Units | 83 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 79,900 SF |
| Number of Floors | 3 |
| Year Built | 1965 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | - |
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O'hare Glenlake Condominiums | 9504 Glenlake Ave
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