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4425 Harlem Avenue Stickney, IL 60402 Commercial - Business Active

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Description

Exceptional Investment Opportunity - 11-Unit Mixed-Use Building in Stickney, IL. This building is a well-maintained, flexicore-constructed 11-unit mixed-use asset. This versatile property features six (6) residential 1-bedroom, 1-bathroom apartments and four to five (4-5) office suites, The building includes a secure, income-producing tenant who intends to remain for the foreseeable future. The residential units are separately metered, each equipped with individual HVAC systems, water heaters, and rooftop A/C units. One apartment has been fully renovated with premium finishes, including an in-unit washer and dryer, stainless steel appliances, white shaker cabinetry, granite countertops, vinyl plank flooring, and a modernized bathroom-providing a strong model unit for potential rent increases. The remaining apartments offer a mix of carpet and tile flooring, laminate countertops, and white kitchen cabinetry, allowing for value-add potential through interior upgrades. Recent capital improvements enhance the building's longevity and tenant appeal, including a new tear-off roof, gutters, soffits, fascia, rooftop A/C units, exterior staircases, and a fire sprinkler system. Property amenities include a heated two-car garage, on-site management office, master key entry system, common area restrooms, a prominent pylon sign, and 14 dedicated parking spaces. The residential tenants are currently paying their own heat and electricity, there is immediate upside for investors through rent increases, implementation of a RUBS program for the office tenants, and restoration of the property's original mixed-use zoning classification (2022: 3-18 Mixed-Use; 2023: 5-17 One-Story Commercial). This is a rare chance to acquire a stable, income-generating property with multiple value-add strategies and strong long-term growth potential. Don't miss the opportunity to invest in one of Stickney's most strategic mixed-use assets!

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1961

General Information

County: Cook
Listed By:
Midwest SignatureProperties Co 708-979-5303
MRED MLS
$1,379,900
Est. $9,209/mo
Active
SQUARE FEET6,970 MLS#12562242
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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4425 Harlem Avenue, Stickney, IL 60402.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,379,900$1,379,900$1,379,900
Down Payment $48,297$0$275,980
Monthly Mortgage Amount $8,233$8,679$6,887
Taxes $1920$1920$1920
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $828$0$0
Monthly Estimated Total $11,383$11,001$9,209

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