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    7242 Roosevelt Road

    Forest Park, IL 60130
    • $339,690
    • STATUS: Active Under Contract
    • ON SITE: 29 days
    • MLS #: 11050722
    Under Contract
    $339,690
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,912
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    Recently Renovated, Turnkey, Mixed Use Investment Property featuring Three, 1BR/1BA Apartments on the 2nd Floor and Retail space on the 1st Floor, currently occupied by a Laundromat that just signed a 5 Year Lease, w/ 3% Yearly Increases. Attractive Location for Tenants near Forest Park Blue Line, I-290, and several Bus Routes. Laundromat on the 1st floor is a big plus! Installed All New Emergency Lighting and Exit Signs in Laundromat. Electric Power to Building Upgraded from 200 amps to 400 amps, New Disconnect and All New Electric Meters and Panels for All Apts, nothing left to do but make it your own. Outstanding Investment Opportunity at a Lower Price Point! Come Take a Look Today, Won't Last Long!

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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 2021-05-11T23:52:03.69 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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    7242 Roosevelt Road Forest Park, IL 60130

    • Price: $339,690
    • Status: Active Under Contract
    • MLS #: 11050722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,912
    SQFT
    $117
    $/SQFT
    1960
    Built
    Neighborhood:
    Forest Park
    County:
    Cook
    Area:
    Forest Park
    Property Description
    Recently Renovated, Turnkey, Mixed Use Investment Property featuring Three, 1BR/1BA Apartments on the 2nd Floor and Retail space on the 1st Floor, currently occupied by a Laundromat that just signed a 5 Year Lease, w/ 3% Yearly Increases. Attractive Location for Tenants near Forest Park Blue Line, I-290, and several Bus Routes. Laundromat on the 1st floor is a big plus! Installed All New Emergency Lighting and Exit Signs in Laundromat. Electric Power to Building Upgraded from 200 amps to 400 amps, New Disconnect and All New Electric Meters and Panels for All Apts, nothing left to do but make it your own. Outstanding Investment Opportunity at a Lower Price Point! Come Take a Look Today, Won't Last Long!
    Exterior Features

    Construction Materials Brick Frontage Type City Street Location Mixed Use AreaPublic Transport Avail Outdoor Parking 1-5 Spaces Parking Total 3

    Interior Features

    Cooling None Electric Separate Meters Fire Protection None Heat Ventilation Central Bldg Heat Number Of Apts 3 Number Of Offices 1 Number Of Ranges 3 Number Of Refrigs 3 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 7.44 Current Use Commercial Electric Expense 252 Existing Lease Type Gross Expense Year 2020 Exterior Building Type Brick Fuel Expense 1740 Geographic Locale Chicago West Gross Income 46224 Gross Scheduled Income 46584 Insurance Expense 2450 Lot Size Dimensions 25 X 125 Net Operating Income Year 2020 Operating Expense 19183 Other Expense 650 Possible Use CommercialMulti-Family Tax Annual Amount 10623 Tax Year 2019 Tenant Pays Electricity Total Actual Rent 995 Total Monthly Income 360 Trash Expense 1068 Water Sewer Expense 2400 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Hubeny Realty Inc.


    © 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 2021-05-11T23:52:03.69 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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