Keystone Flats Apartments

In the south suburbs of Chicago, on a quiet street corner near schools and catholic institutions.Real Realty is pleased to represent this portfolio of buildings off Keystone Avenue in Midlothian, IL. The offering consists of 3 nearly identical 6-unit buildings. All buildings consists of 1 - one-bedroom and 5 - two-bedroom units. Each building has a central boiler and central hot water heater. Heat and hot water are paid by landlord. Tenants pay for electricity. 9 of the 18 units have been remodeled and are achieving premiums of $200+ more in rent for 1-bedrooms and $215+ for 2-bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.