Fox Run Apartments — Sale in St. Charles, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: St. Charles, IL 60174

Description

Marcus & Millichap has been selected to exclusively market for sale Fox Run Apartments, a 220-unit multifamily community in Saint Charles, Illinois. This investment offers an investor the opportunity to acquire a fully renovated asset in a high demand submarket of the greater Chicago area. With strong rental demand and connectivity to one of the nation’s largest metropolitan centers, Fox Run Apartments is well-positioned for long-term growth. Investment Highlights: • Assumable Debt: 5.94 Percent Interest Rate, 35 Year Amortization with Five Years Remaining (Must be Assumed) • Over $5 Million in Recent Capital Improvements • Rental Upside via Adding Barn Doors: $230 per Month Premium on $3,000 per Unit Investment • Additional Opportunity to Capture the Remaining Loss to Lease • 1.5 Miles from Downtown Saint Charles • Median Household Income within One Mile is $104,041

Market Context

This multifamily in St. Charles, IL is listed for sale. It has been on the market for 86 days. Compare it against other multifamily listings for sale in St. Charles, IL — view the full market.

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