$5,775,000

Estimated payment $41,256/month

Total Views 38,537
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Highland Parkway Townhomes - Prime Investment Opportunity in Itasca Presenting an exceptional investment opportunity: a portfolio of 11 newer construction luxury townhomes located in the highly sought-after Highland Parkway Subdivision. Each unit features a spacious 3-bedroom, 2.5-bathroom floor plan, meticulously designed to deliver comfort, style, and functionality. The homes boast modern open-concept layouts, highlighted by gourmet kitchens with stainless steel appliances and large islands ideal for both everyday living and entertaining. The main living areas are enhanced with rich hardwood flooring, creating a warm and sophisticated atmosphere. Backing directly onto a picturesque park and tennis courts, residents enjoy a tranquil setting with built-in recreational amenities-perfect for families and outdoor enthusiasts alike. Strategically located just minutes from the Itasca Metra station, major highways, and O'Hare International Airport, this property offers unmatched convenience and connectivity for commuters and travelers. With stable in-place income and the opportunity to increase rents to market levels without capital improvements, this is a turnkey investment with significant upside potential.

Listing Agent

Rocco Zaccaro

Coldwell Banker Realty License #475179214 Listed on: 04/11/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $117,480

Year Built

  • Built in 2020

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Additional Parcels

Community Details

Overview

  • 11 Units

Building Details

  • Operating Expense $155,829
  • Gross Income $446,400
  • Net Operating Income $290,571

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$117,480

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 2020
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 1-6 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 5775000

Garage/Parking

  • Indoor Parking: Attached

Utilities

  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 51400

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 290571
  • GrossIncome: 446400
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 155829
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 117480
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 For Sale $5,775,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12336294

Midwest Real Estate Data (MRED)