340 Nally Drive

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340 Nally Drive

Bourbonnais, IL 60914
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Bourbonnais
  • Strategically situated within the greater Chicago metropolitan area
  • Asset provides potential for long-term rental income generation
  • Residential property suitable for institutional or private investors
  • Located at 340 Nally Drive in the 60914 zip code

What's Special

This multifamily asset at 340 Nally Drive is currently available for sale, presenting a clear acquisition target for residential real estate investors seeking to expand their portfolio in the Bourbonnais region. The property functions as an apartment building, well-suited for professional management groups or private owners looking to capitalize on rental demand within the local market. Bourbonnais benefits from its position within the broader Chicago metro area, characterized by a steady suburban population and accessibility to regional transportation corridors. Its location provides tenants with proximity to local services and employment hubs, making it a functional option for those seeking residential stability. Investors often find properties in this submarket to be viable vehicles for long-term hold strategies due to consistent interest in multifamily housing. Given the asset type and its configuration, the building is prepared for repositioning or continued operations as a rental community. Prospective buyers will appreciate the straightforward layout that facilitates efficient daily operations and tenant turnover processes.

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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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