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$659,900
Est. payment /mo
5,304 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,304 sqft
Price per Sqft $124
MLS Listing ID 12716967
Annual Tax Amount $10,952
Tax Year 2024
Lot Dimensions 58 x 108
Property Sub-Type Mixed Use
Property Description
Attention investors! Are you looking for a "Value Add", Income producing mixed use property? Possibly a 1031 purchase candidate before year end? If so, you may very well have reached the end of your search. Below current market rate leases plus 4 month to month residential agreements equal opportunity! Add 2 street level 1300 square foot commercial spaces plus the leased-out garage space in the rear and you'll have 7 total spaces to generate an income stream you can enjoy for years to come. In addition, there's also a large, dry basement which serves as plus storage space for your tenants. Parking is convenient with 6 to 7 spaces along the east side of the building along with 3 more spaces in the rear. The current owners have had no issue in maintaining 100 percent occupancy as is currently the case. Longtime ownership has been diligent in caring for this property. Featuring a 2 year old membrane roof, boiler which was replaced only 5 years ago, 2nd level windows replaced 7 to 8 years ago and 3 of the 4 apartments receiving moderate remodeling work between 2020 and 2024, you'll have peace of mind knowing these improvements are in the rearview mirror. The Village of Norridge is business friendly with the 60706 zip code boasting a $87,361 median household income. This property sits in a thriving business section of Irving Park Road. It also benefits from its close proximity to O'Hare. Looking at the numbers, a new owner can picture a very promising future. Contact your real estate professional or the listing agent for showing days and times. Don't miss out. Make your appointment today!
Location
State IL
County Cook
Area Norridge
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Roof Type Membrane
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Phil Grant of Baird & Warner
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