2256 Nichols Road

2256 Nichols Road, Arlington Heights, IL 60004

  • For Sale $950,000
  • Property Type Multi-Family
  • Property Size 6,315 SF
  • Units 6
  • Additional Rent Contact for pricing
  • Date Updated Jan 9, 2025
Arlington Heights is a vibrant suburb located about 25 miles northwest of downtown Chicago, offering convenient access for commuters. The village features major highways like I-90 and Route 53, as well as the Metra Union Pacific Northwest Line, connecting directly to downtown. With its mix of suburban charm and urban amenities, Arlington Heights is home to a lively downtown and diverse dining options. The village is known for its excellent parks and schools. The Arlington Heights Park District manages several parks, including Recreation Park and Lake Arlington, offering sports facilities, trails, and playgrounds. Local schools, including Arlington Heights School District 25 and Township High School District 214, are highly regarded for academics and activities. Higher education options, like Harper College, further enhance the community's appeal.Essex Realty Group, LLC. is pleased to exclusively market for sale 2256 Nichols Road, Arlington Heights, IL. This six-unit (6) apartment building is part of the Country Glen Apartments community and features a unit mix of five (5) 2Bd/1Ba and one (1) 1Bd/1Ba apartments with spacious floor plans. The property benefits from association management that handles landscaping, snow removal, and scavenger services, making it a low-maintenance investment opportunity. Current rents at the property are below market, providing investors with an opportunity to increase rental income by nearly 10% in its as-is condition through market rent adjustments. Located near major transportation routes, retail centers, and suburban amenities, 2256 Nichols Road offers tenants convenience and accessibility. Arlington Heights' strong residential demand and vibrant community further enhance this property's appeal, making it an excellent value-add opportunity for investors.
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Highlights

  • Prime Location: Conveniently Situated Near Major Transportation Routes And Suburban Amenities In Arlington Heights
  • Low-Maintenance Investment: Association Management Covers Landscaping, Snow Removal, And Scavenger Services
  • Value-Add Opportunity: Nearly 10% Potential Rental Income Growth By Adjusting Current Below-Market Rents To Market Levels
  • Desirable Unit Mix: Five (5) 2Bd/1Ba And One (1) 1Bd/1Ba Apartments With Spacious Floor Plans

Contacts

broker
Anthony Citriglia

Essex Realty Group

Location

Getting Around

  • Walk Score ®

    7/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Arlington Heights, IL
  • Zip Code 60004
  • Market Chicago

Points of Interest

  • Palatine

    3.36 miles

  • Arlington Park

    3.97 miles

  • Arlington Heights

    4.91 miles

  • Barrington

    6.21 miles

  • Mount Prospect

    7.29 miles

  • Mundelein

    7.95 miles

  • Deerfield

    8.29 miles

  • Des Plaines

    9.97 miles

  • Libertyville Metra Station

    9.97 miles

  • Libertyville

    9.98 miles

  • Mobil

    0.92 miles

  • Delta Sonic

    0.97 miles

  • Speedway

    1.33 miles

  • Shell

    1.51 miles

  • Marathon

    1.70 miles

  • Casey's General Store

    2.01 miles

  • BP

    2.45 miles

  • Good Stop

    2.78 miles

  • Tesla Supercharger

    4.64 miles

  • ChargePoint

    5.20 miles

  • Buffalo Creek Forest Preserve parking

    1.28 miles

  • Deer Grove - East Parking Lot

    1.67 miles

  • Mariano's Fresh Market Parking Lot

    2.52 miles

  • Deer Grove Parking Lot

    2.95 miles

  • Courtyard

    0.69 miles

  • Motel 6 Palatine

    0.83 miles

  • Days Inn & Suites by Wyndham Arlington Heights

    1.11 miles

  • Four Points by Sheraton Buffalo Grove

    1.69 miles

  • Hampton Inn & Suites

    2.36 miles

  • Motel 6 Rolling Meadows

    4.36 miles

  • Extended Stay America

    4.62 miles

  • Hampton Inn & Suites Chicago/Lincolnshire

    4.69 miles

  • Home2 Suites by Hilton Lincolnshire Chicago

    4.73 miles

  • SpringHill Suites Lincolnshire

    4.88 miles

  • Chicago Culinary Kitchen

    0.91 miles

  • Taco Bell

    0.92 miles

  • Panda Express

    0.98 miles

  • Culver's

    0.99 miles

  • Sonic

    0.99 miles

  • Panera Bread

    1.06 miles

  • Einstein Bros. Bagels

    1.06 miles

  • Tore & Luke's

    1.07 miles

  • Denny's

    1.08 miles

  • Jimmy John's

    1.15 miles

  • Cooper Middle School

    1.38 miles

  • Longfellow Elementary School

    1.43 miles

  • Palatine High School

    1.51 miles

  • Buffalo Grove High School

    1.68 miles

  • Virginia Lake Elementary School

    1.80 miles

  • Ivy Hall Elementary School

    1.82 miles

  • Kildeer Countryside Elementary School

    1.97 miles

  • Lincoln Elementary School

    1.98 miles

  • Countryside School

    1.99 miles

  • Jane Addams Elementary School

    2.01 miles

  • Homey-Home Day Care

    5.35 miles

  • The Goddard School of Hawthorn Woods (Lake Zurich)

    5.57 miles

  • Kindercare

    5.65 miles

  • Riverwoods Montessori School

    5.84 miles

  • Hoffman Estates KinderCare

    6.08 miles

  • KinderCare

    6.09 miles

  • The Goddard School

    6.30 miles

  • Bright Horizons

    6.92 miles

  • Learning Experience Childcare

    8.19 miles

  • Deerfield Montessori School

    8.66 miles

Frequently Asked Questions

How much does 2256 Nichols Road cost?

The space currently listed for sale at 2256 Nichols Road asks for $950,000.

What is the total square footage of 2256 Nichols Road?

2256 Nichols Road totals 6,315 square feet.

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Contact Listing Broker
broker
Anthony Citriglia

Essex Realty Group