202 S Belmont Avenue

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202 S Belmont Avenue

Arlington Heights, IL 60005
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The land is situated at 202 S Belmont Avenue in Arlington Heights.
  • This asset is categorized under the single family rental portfolio sub-type.
  • The property is located within the 60005 ZIP code of Illinois.
  • Investors can utilize this site for residential development or housing projects.
  • Arlington Heights provides access to major Chicago area transit and infrastructure.

What's Special

202 S Belmont Avenue is a land asset positioned within the village of Arlington Heights, Illinois. This site represents a strategic acquisition for developers or investors focused on residential expansion in a well-established northwest suburb of Chicago. The area is characterized by its proximity to robust infrastructure and regional transit lines, supporting steady demand for housing in the local submarket. Given the classification as a single family rental portfolio sub-type, the land provides a clear path for residential project development. Its location in the 60005 ZIP code places it near regional commercial hubs and employment centers that anchor the northern Illinois economy. Prospective buyers may evaluate the parcel for its potential to support new home construction or to integrate into a larger residential housing strategy. The property serves as a foundational component for those aiming to capitalize on the sustained need for quality rental inventory within the Arlington Heights demographic corridor.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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