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    1521 Western Avenue

    Chicago Heights, IL 60411
    • $799,000
    • STATUS: Active
    • ON SITE: 135 days
    • MLS #: 10960221
    UPDATED: 32 min ago
    $799,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $67
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    Value-Add investment property in Opportunity Zone! Strip Center along Western Avenue. Strip center consists of seven (7) separate units. 5 units are rented - 2 are vacant. Current tenants are Month to Month offering the new owner options to re-negotiate leases or find new tenants. Major traffic along Western Avenue offers heavy vehicle and foot traffic. Huge lot allows for redevelopment opportunity as well - warehouse, multi-family or additional commercial options. Do Not disturb operating businesses. Contact listing broker for financials, additional questions and tour requests. Agent accompany for tours.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1521 Western Avenue Chicago Heights, IL 60411

    • Price: $799,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 10960221
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    12,000
    SQFT
    $67
    $/SQFT
    1970
    Built
    Neighborhood:
    Chicago Heights
    County:
    Cook
    Area:
    Chicago Heights
    Property Description
    Value-Add investment property in Opportunity Zone! Strip Center along Western Avenue. Strip center consists of seven (7) separate units. 5 units are rented - 2 are vacant. Current tenants are Month to Month offering the new owner options to re-negotiate leases or find new tenants. Major traffic along Western Avenue offers heavy vehicle and foot traffic. Huge lot allows for redevelopment opportunity as well - warehouse, multi-family or additional commercial options. Do Not disturb operating businesses. Contact listing broker for financials, additional questions and tour requests. Agent accompany for tours.
    Exterior Features

    Frontage Type City StreetPaved Location Central Business District Number Of Drive In Doors 0 Number Of TLDocks 0 Parking Total 40

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Fire Extinguisher/SCarbon Monoxide Detector(S) Heat Ventilation Forced Air Leasable Area 14750

    Property Features

    Additional Parcels YN No Existing Lease Type N/A Gross Income 45400 Gross Rentable Area 14750 Gross Scheduled Income 45400 Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 1 Min Avail Sq Ft Rentable 14750 Net Operating Income Year 2007 Net Rentable Area 14750 Number Of Tenants 5 Property Offered For Sale Only Tax Annual Amount 76410.5 Tax Year 2019 Tenant Pays ElectricityHeatRepairsScavengerSewer Total Monthly Income 7170 Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Success Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-14T23:52:21.077 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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