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504 Highland Pky
Itasca, IL 60143

$5,775,000 USD

Apartments For Sale  •  33,899 SF

Property Details

• Property Type Apartments
• Total Building Size 33,899 SF
• Lot Size 0.7 AC
• Building Class B
• Year Built 2020
• Cap Rate 5.03 %

20 Transit Score

30 Walk Score

Highlights

Significant upside by raising remaining units to market rent of $3,600/month, without any capital improvements needed.

Direct access to a scenic park located behind the property — a great amenity for tenants.

Ideally situated off (Route 53), just north of Lake Street — minutes from major thoroughfares, Itasca Metra Station, expressways, and O'Hare Airport

Perfect fit for a 1031 exchange looking to place ~$2M or for an investor seeking a high-quality, low-maintenance, cash-flowing asset

Property Flyers

Highland Gate Brochure

!OM Highland Gates 5.775

Memorandum Flyer_041125 !

Financial Summary (Actual)

Net Operating Income: $290,571 USD (2025)

Cap Rate:	5.03 %
Total Expenses:	$155,829 USD

Amenities

• 24 Hour Access
• Tenant Controlled HVAC
• Trash Pickup - Curbside
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Itasca Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.3 mi
Medinah Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	1.8 mi
Airport	Drive	Walk	Distance
Chicago O'Hare International	21 min	-	12.4 mi
Chicago Midway International	35 min	-	23.6 mi