$ 1,400,000
4425 Harlem AVE Stickney, IL 60402
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$ 1,400,000
Est. payment /mo
Active
4425 Harlem AVE Stickney, IL 60402
6,970 SqFt
UPDATED:
09/13/2024 02:20 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,970 sqft
Price per Sqft $200
MLS Listing ID 12115712
Year Built 1961
Annual Tax Amount $30,016
Tax Year 2023
Lot Dimensions 10873
Property Description
4425 South Harlem Avenue, a 10-unit mixed-use building located in Stickney, Illinois. The flexicore-constructed property consists of (6) 1-bed/1-bath units and (4) office suites. The offices are occupied by local service-oriented businesses. The apartment units feature individual HVAC systems, water heaters, and rooftop A/C units. One unit has been gut renovated with an in-unit washer and dryer, dishwasher, vinyl plank flooring, granite countertops, white shaker cabinets, stainless steel appliances and a new bathroom. The remaining units contain carpet and tile flooring, laminate countertops, and white kitchen cabinets. Residential tenants are responsible for their own heat and electricity. Recent capital improvements include a new tear-off roof, gutters, soffits, facia, rooftop A/C units, exterior staircases, and fire sprinkler system. Building amenities include a heated two-car garage, management office, master key entry, common area bathrooms, a pylon sign and 14 parking spaces. New ownership can increase cashflow by bringing rents to market, implementing a utility bill billing system (RUBS) for the office tenants and appealing the 2023 zoning back to a mixed-use classification (2022 zoning: 3-18 Mixed-use, 2023 zoning: 5-17 One story commercial).
Location
State IL
County Cook
Area Stickney
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Concrete
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by William Pileggi • Avenue 1 Realty Group