Investment Opportunity with Value-Add Potential at 83% Occupancy

Highlights:

• Great investment opportunity with value-add potential at 83% occupancy
• Approximately 5,096 square feet building on a 6,970 square feet lot
• Mixed-use, two-story building featuring 4 fully rented residential apartments on the second floor and 2 commercial units on the first floor
• Residential units are 1 bedroom/1 bathroom, with two units currently under 6-month written leases
• One commercial unit is occupied by Arcane Tattoo Studio, which has just renewed a 3-year lease at $1,300 per month, with annual escalations
• One commercial unit is available for lease, ideal for a hair/nail salon, medical office, or any other business (note: restaurant use is not permitted)
• All units are separately metered; tenants are responsible for gas and electricity
• Hardwood flooring throughout the entire building
• The property is well-maintained and has been updated with a newer roof (less than 5 years old)
• Ample parking available: 5 surface spaces at the front and
• 11 additional parking spaces in the rear
• Conveniently located near the Metra Wood Dale train station
• Low DuPage County real estate taxes
• Excellent visibility and high traffic counts
• Surrounded by numerous retailers, restaurants, and shops
• Just minutes from O’Hare Airport and downtown Chicago
• Easy access to I-290 and I-294
• Suitable for owner-occupants, value-add investors, or redevelopment opportunities

Description:

iReal Estate Commercial is proud to present a prime investment opportunity with immediate value-add potential at 83% occupancy.

Seize this exceptional opportunity to acquire a mixed-use, two-story building encompassing approximately 5,096 square feet on a spacious 6,970 square foot lot. The second floor features four fully rented residential apartments, each with 1 bedroom and 1 bathroom. Two units are currently secured with 6-month written leases.

The first floor boasts two commercial units, one of which is occupied by Arcane Tattoo Studio. This tenant has just renewed a 3-year lease at $1,300 per month, complete with annual rent escalations. The other commercial unit is available for lease and is perfectly suited for a hair/nail salon, medical office, or any other business (please note: restaurant use is not permitted).

All units are separately metered, ensuring tenants are responsible for their own gas and electricity. The building showcases beautiful hardwood flooring throughout and has been meticulously maintained, including a recently updated roof (less than 5 years old).

Ample parking is a major asset, providing 5 surface spaces at the front and 11 additional spaces in the rear. Perfectly positioned near the Metra Wood Dale train station and benefiting from low DuPage County real estate taxes, this property offers outstanding visibility and high traffic counts. It is surrounded by a vibrant array of retailers, restaurants, and shops, making it a desirable location for any business. It’s conveniently located just minutes from O’Hare Airport and downtown Chicago, with easy access to I-290 and I-294.

Don't miss this remarkable opportunity, suitable for an owner-user, savvy value-add investors, or those looking for redevelopment potential. Act now to secure your stake in this promising investment!

Just minutes from O’Hare Airport and downtown Chicago, with easy access to I-290 and I-294.