Average square foot calculated using Size range provided by listing agent.
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!Show Description
MLS® Number12382083
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1961
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
Heat
A/CCentral Air, Wall Sleeve
Heating Fuel
Extras
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