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    7222 N Harlem Avenue

    Chicago, IL 60631
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 139 days
    • MLS #: 11021961
    Under Contract
    UPDATED: 59 min ago
    $1,795,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,500
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Prime investment opportunity. Great retail entity located in the heart of West Chicago. B3-1 Zoning. Long-term tenants. Highly visible operation with maximum exposure! Very lucrative operation with an excellent cash flow! This is an extremely viable location with an abundant of parking slots to serve your clients. Rental income very competitive for this area. If your investor clients have been waiting for the ideal opportunity to materialize Now is that time. This is the right opportunity for a savvy investor. Seller is motivated and ready to make a deal. All offers will be seriously evaluated and considered. High foot traffic area in Edison Park, Chicago adjacent to Park Ridge and Niles. Building size approx.13,500 SF, 0.5 Acre of Land. B3 Zoning allows variety of the business uses. Choice is yours!!!

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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 Schoon Family Group with Keller Williams Elite. Based on information submitted to the MRED as of 2021-08-02T16:54:53.133 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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    7222 N Harlem Avenue Chicago, IL 60631

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • MLS #: 11021961
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    13,500
    SQFT
    $133
    $/SQFT
    1962
    Built
    Neighborhood:
    Chi - Edison Park
    County:
    Cook
    Area:
    Chi - Edison Park
    Property Description
    Prime investment opportunity. Great retail entity located in the heart of West Chicago. B3-1 Zoning. Long-term tenants. Highly visible operation with maximum exposure! Very lucrative operation with an excellent cash flow! This is an extremely viable location with an abundant of parking slots to serve your clients. Rental income very competitive for this area. If your investor clients have been waiting for the ideal opportunity to materialize Now is that time. This is the right opportunity for a savvy investor. Seller is motivated and ready to make a deal. All offers will be seriously evaluated and considered. High foot traffic area in Edison Park, Chicago adjacent to Park Ridge and Niles. Building size approx.13,500 SF, 0.5 Acre of Land. B3 Zoning allows variety of the business uses. Choice is yours!!!
    Exterior Features

    Number Of Drive In Doors 0 Number Of TLDocks 0

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Other Heat Ventilation Forced Air Leasable Area 4100

    Property Features

    Additional Parcels YN No Cap Rate 8.07 Current Use Commercial Financial Amounts For Total Building Rental Yes Gross Income 219000 Gross Rentable Area 5500 Gross Scheduled Income 219000 Investment YN Yes Lot Size Dimensions 0.517 Min Avail Sq Ft Rentable 1200 Net Operating Income Year 2020 Net Rentable Area 5450 Number Of Tenants 7 Property Offered For Sale Only Tax Annual Amount 54543 Tax Year 2019 Tenant Pays Varies By Tenant Total Monthly Income 18187 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mega Usa Properties, 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 Schoon Family Group with Keller Williams Elite. Based on information submitted to the MRED as of 2021-08-02T16:54:53.133 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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