$995,000
7227 Roosevelt Road Forest Park, IL 60130
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$995,000
Est. payment /mo
9,400 SqFt
UPDATED:
11/14/2024 06:07 AM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,400 sqft
Price per Sqft $105
MLS Listing ID 12138658
Year Built 1924
Annual Tax Amount $50,449
Tax Year 2023
Lot Dimensions 8,000 SF
Property Description
Get ready to cash flow on day one of ownership! 7227-7233 Roosevelt Road is a fully occupied nine-unit mixed-use property located in the prime near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground-level commercial spaces, along with five (5) exterior parking spaces. All commercial and apartment units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartment units feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include copper plumbing (2016), roof silver coat (2024), windows (2016), HVAC units (2019-2024 for five units). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.
Location
State IL
County Cook
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Structure Type Brick
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Listed by Ryan Blake • Essex 312, LLC
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