16-22 East Benton Avenue

Naperville, IL 60540

$2,200,000
Price
12
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Downtown Naperville. Only 3 blocks from the Metra, heart of thriving downtown Naperville, on west edge of North Central College Campus. Building comprised of (10) 1Bd/1Ba apartments and (1) 2Bd/2Ba apartment with coin laundry. All updated. Units have radiant heat and are cooled with air units. The building has been very well maintained and has a strong history of occupancy. Current rental rates are below market value rent for the area. Plenty of room to increase CAP rate with rental increases.Prime Downtown Naperville. Only 3 blocks from the Metra, heart of thriving downtown Naperville, on west edge of North Central College Campus. Building comprised of (10) 1Bd/1Ba apartments and (1) 2Bd/2Ba apartment with coin laundry. All updated. Units have radiant heat and are cooled with air units. The building has been very well maintained and has a strong history of occupancy. Current rental rates are below market value rent for the area. Plenty of room to increase CAP rate with rental increases.
  1. Listed by Charles McCann • Keller Williams Premiere Properties
  2. Listed by Timothy Coleman • 10 West Real Estate Group

Property Details for 16-22 East Benton Avenue

Area
Naperville
Township
Naperville
Zoning
MULTI
LISTING UPDATED: 10/07/2024 09:25 AM

Property Details for 16-22 East Benton Avenue

StatusContingent
MLS #12087327
Days on Market150
Taxes$31,191 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1993
Lot Size0.12 AC / 5,193 SF
CountyDuPage County

Building Information for 16-22 East Benton Avenue

Stories2Residences11Year Built1993Building Size-Lot Size0.12 AC / 5,193 SF

Property Information for 16-22 East Benton Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: Parking-Street
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Heat/Ventilation: Radiant
  • Num of Baths: 12.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 65X91X50X46X13X46
  • Lot Size Square Feet: 5193.0
  • Stories: 2
  • Lot Size Source: County Records
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-07-09T13:39:06
  • Photos Count: 10
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $177,600.00
  • Gross Scheduled Income: $178,878.00
  • Insurance Expense: $4,362.00
  • Maintenance Expense: $10,966.00
  • Manager Expense: $10,629.00
  • Electric Expense Source: Broker Projection
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Combination
  • Janitor Expense: 0
  • Manager Expense Source: CO
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 14907
  • Water Expense Source: Broker Projection
  • Net Operating Income: $107,878.00
  • Operating Expense: $71,000.00
  • Other Expense: $13,852.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 10
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 16-22 East Benton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 16-22 East Benton Avenue

This home is within Naperville Community Unit School District 203.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 5 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ellsworth Elementary School
PublicK to 5

Washington Jr High School
Public5 to 8

Naperville North High School
Public9 to 12

Saints Peter & Paul Catholic School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Premiere Properties; 10 West Real Estate Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/07/2024 09:25 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.