296 N Maple

Elmhurst, IL 60126

Just reduced for quick sale, a sophisticated, three-flat Plus property created in 2017 with its complete rebuild to the highest standards according to plans created by a well know local architect. The building is uniquely located in an upscale, quiet, single family neighborhood five residential blocks from the Elmhurst commuter train station and Elmhurst University. Produces gross rents of $116,000+ with NOI of $93,000+ and, based on the reduced offering price, provides a 5.65% CAP rate and 9.64% yield if 75% mortgaged at 6%. The building sits on a large (75' x 170'), beautifully landscaped sprinklered lot with separate 3-car garage and pergola with gas BBQ. Contains approximately 4,700 sq. ft. of living space containing six bedrooms, six bathrooms, three powder rooms, each unit with natural gas fireplace and its own washer/dryer. The three principal units have independent natural gas HVAC, hot water tank, ensuite bathrooms, front door communication, in-unit internet/cable hubs and oak hardwood floors complemented by carpet in some bedrooms, granite countertops with Grohe fixtures and each with parking for two cars, one in garage with own door. Other unique aspects include custom cabinets and upgrade appliances, automatic snow melt system for front walk and porch, front and rear entry halls, almost maintenance-free James Hardie Fiber-cement siding, Marvin double hung windows, 8 ft. wood internal entry doors and more. (See Additional Documents for feature details)