7326 W Irving Park Road,Norridge, IL 60706
Norridge, IL 60706
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!
Details
| MLS # | 12716967 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 0 |
| Days On Site | 8 |
| Listing Provided By | Baird & Warner | Phil Grant |
Features
| SQ Feet | 5,304 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
| Zoning | COMMR |
Interior
| Cooling | Central Air, Window Unit(s) |
|---|
Exterior
| Roof | Membrane |
|---|---|
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 10952 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Norridge |
| Zip Code | 60706 |
| Area | Norridge |
| Listing VS Median (in 60706) | |
Price: $659,900 low | high Med: $385,000 sqft: 5,304 low | high Med: 981 $ / sqft: $124 low | high Med: $392 On site: 8 low | high Med: 34 | |
Market Activity 60706
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Norridge |
| Zip Code | 60706 |
| Area | Norridge |
| Listing VS Median (in 60706) | |
Price: $659,900 low | high Med: $385,000 sqft: 5,304 low | high Med: 981 $ / sqft: $124 low | high Med: $392 On site: 8 low | high Med: 34 | |
