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898 S Rand Rd
Lake Zurich, IL 60047

$1,400,000 USD

Apartments For Sale  •  7,112 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,259 SF
  • Lot Size 1.45 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 3.76 %
  • Zoning B-3
0 Transit Score
68 Walk Score

Highlights

1.45 Acres in Prime Lake Zurich's Retail Power Corridor
Existing 6,259 SF Income-Producing Building
90% Occupancy with Strong Rental Income
Redevelopment or Expansion Opportunity
Full On-Site Utilities
Exceptional Visibility & Access

Property Flyers

Financial Summary (Actual)

Net Operating Income: $52,703 USD (2024)
Cap Rate: 3.76 %
Total Expenses: $46,819 USD

Amenities

  • Air Conditioning
  • Heating

Public Transportation

Commuter RailDriveWalkDistance
Barrington Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 10 min - 5.6 mi
Palatine Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 12 min - 6.6 mi
AirportDriveWalkDistance
Chicago O'Hare International 35 min - 24.2 mi
Chicago Midway International 57 min - 40.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Paul Proano 312-860-4043 Paul Proano Properties and Businesses
Paul Proano 312-860-4043 Paul Proano Properties and Businesses