10741 mary lane - loopnet

RARE INVESTMENT OPPORTUNITY

4 beautifully maintained 12-unit buildings.

High demand Lincoln-way Central High School.

Walking distance to Mokena Metra Station.

Near I-80 and other major Chicago highways.

No extended vacancies.

PROPERTY HIGHLIGHTS

48 Apartment units in Mokena, Illinois

List Price$6.47M

10741 Mary LaneMokena, IL 60448

Presented by:

Ellsworth Partners, LLCMatt Calvo

(630) 995 - 3605matt@ellsworthpartnersllc.com

INVESTMENT OVERVIEW

List price: $6,470,000

6.00% cap

Gross Rent: $560,000

In-place NOI: $390,000

Will County (very near Cook)

$93,000 Real Estate Taxes

Approximately 2.75 total acres

High-Demand for vacant units resulting in no vacancies

Ellsworth Partners, LLCMatt Calvo

(630) 995 - 3605matt@ellsworthpartnersllc.com

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Each building is approximately 12,000 sq. ft. and has twelve units:

Ten - 2 bedrooms, 1 bath (910 sq. ft.) units

Two - 1 bedroom, 1 bath (810 sq. ft.) units

Common area washers/dryers on first floor

PROPERTY DETAILSEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

Year built: 1978

Garage Spaces: 13 (Six 2-car garages and one 1-car garage)

Parking lot Spaces: About 75

Roof Type: Flat (4 new roofs - 2016)

Forced Air Heat and A/C

Three of four HVAC units were replaced in 2016, the fourth was replaced in 2009

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ADDITIONAL PICTURESEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

4

Half a mile from the Mokena Metra Station

2.5 miles from I-80 ramp

8 miles to I-57

Site is contiguous to Downtown Mokena

LOCATION OVERVIEWEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

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SCHOOL INFORMATIONEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

(The information on the following two pages was compiled from www.niche.com)

Lincoln-Way Central High School

1,870 Students and a 17:1 student-teacher ratio

Niche rated as the #3 public high school in Will County (Lincoln-Way’s East and West are #1 and #2 respectively)

Rated #57 of 933 best high school sports in Illinois

#47 of 666 best public high school tea-chers in Illinois

#73 of 684 best public high schools in Illi-nois

4-year high school graduation rate: 98% (according to greatschools.org)

Academics: A

Teachers: A

Clubs & Activities: A+

Diversity: C+

College Prep: A-

Health & Safety: A

Niche Grades

Overall Grades: A

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SCHOOL INFORMATIONEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

Pre-K & K-3: Mokena Elementary School

6-8: Mokena Junior High School

4-5: Mokena Intermediate School

688 Students and 17:1 student-teacher ratio

Teachers Grade: B

Academics Grade: B

Overall Niche Grade: B-

306 Students and 14:1 student-teacher ratio

Teachers Grade: B+

Academics Grade: B

Overall Niche Grade: B

575 Students and 14:1 student-teacher ratio

Teachers Grade: A-

Academics Grade: B

Overall Niche Grade: B

Mokena Elemantary and Intermediate

Schools

Lincoln-Way Central High School

Mokena Junior High School

APARTMENTS

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MOKENA, ILLINOIS DEMOGRAPHICSEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

(The information on this page was compiled from www.city-data.com)

Population in 2014: 19,477 (Up 33% since 2000)

Median resident age: 41.4 years

Estimated per capita income in 2016: $41,773

Mean prices in 2016: All housing units: $300,000; Detached houses: $330,000; Townhouses or other attached units: $230,000; In 3-4-unit structures: $245,000; In 5-or-more-unit structures: $115,000

$350,000

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Mokena

Illinois

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Estimated Median Household Income

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Estimated Median House or Condo Value

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MOKENA, ILLINOIS DEMOGRAPHICSEllsworth Partners, LLC

Matt Calvo(630) 995 - 3605

matt@ellsworthpartnersllc.com

(The information on this page was compiled from www.areavibes.com)

On average, housing costs in Mokena are 40% higher than the national average and 45% higher than the Illinois average

As shown on the charts below, crime rates and unemployment in Mokena are much lower than both the Illinois and National averages

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Mokena

National

Illinois

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