1246 Prairie Avenue

Glendale Heights, IL 60139

7-Unit Condo Rental Portfolio - Glendale Heights, IL Addresses Included: 1246 Prairie Ave Unit A 1277 Prairie Ave Unit C 496 Darlene Ln Unit B 488 Darlene Ln Unit D 495 Sidney Ave Unit D 1295 Pearl Ave Unit D 418 James Ct Unit B This is a rare opportunity to acquire a stabilized 7-unit 2-bed/1-bath rental portfolio located across multiple buildings in a well-established residential pocket of Glendale Heights, IL. These condo units have been under the same long-term ownership for approximately 20 years, with ownership now looking to cash out of a legacy investment. All seven units are fully leased with long-term, stable tenants in place. These "sticky" renters have expressed no desire to relocate, providing a reliable and consistent income stream. Rents are currently below market, offering an immediate value-add opportunity through strategic rent increases without the need for major renovations. Investment Highlights: (7) Two-Bedroom / One-Bathroom Units Fully Occupied with Leases in Place Strong In-Place Cash Flow Opportunity to Raise Rents to Market Levels Proven Tenant Retention History Professionally Managed Community This is a turnkey portfolio perfect for investors seeking immediate cash flow with upside potential in a high-demand rental market. Whether you're a seasoned operator looking to expand your portfolio or a new investor seeking stable returns, this Glendale Heights package checks all the boxes.

Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty



Based on information submitted to the MLS GRID as of 2025-06-09 07:15 PM UTC. 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.
Last checked: 2025-06-09 07:15 PM UTC
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