SQUARE FEET5,304
MLS#12716967
STATUSNew
PROPERTY TYPECommercial - Business
Property 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!
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Window Unit(s)
Lot Size: 0.14 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $10,952
Feature Descriptions
Current Use: Commercial
Electric: Circuit Breakers
Exterior: Brick
Fire Protection: None
Frontage Type: City Street
HVAC: Steam
Lot Dimensions: 58 x 108
Miscellaneous Indoor: Basement
Number of Tenant(s): 7
Parcel#: 12134140400000
Parking: 6-12 Spaces
Potential Use: Commercial
Tenant Pays: Electricity
Units: 7
Utilities: Electric to Site, Natural Gas Available, Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Baird & Warner
Agency Phone: 815-459-1855
Shown By
Agent Name: Robert Jones
Agent Phone: (815) 509-4248
Agency Title: Gambino Realtors
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7326 W Irving Park Road | MLS# 12716967
This commercial property located at 7326 W Irving Park Road, Norridge, IL 60706 is currently listed for sale with an asking price of $659,900. Search Norridge real estate on rjones.gogambino.com today.