$949,990
Calculate Payment
7403 W 71st Street Bridgeview, IL 60455
General Commercial
Residence
Beds
Baths
5,000
Sq. Ft.
0.21
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Discover an unparalleled investment opportunity with this five-unit apartment building, situated in the highly desirable area of Bridgeview. This property is fully remodeled and offers a perfect blend of modern amenities, recent upgrades, and exceptional income potential, making it a standout choice... for savvy investors. This income generating property consists of spacious four one-bedroom units and one three-bedroom unit, providing diverse rental options. The strategic combination of units to create a three-bedroom, two-bath configuration maximizes space and appeal to tenants. Every unit is equipped with high-efficiency systems energy-efficient appliances, including fridges, stoves, and wall unit ACs, ensuring low operating costs and high tenant satisfaction. The building features LED lighting throughout the hallways, enhancing both aesthetics and energy efficiency. The property offers modern safety and convenience with smoke detectors and carbon monoxide detectors for optimal safety. Coin-operated laundry facilities have shown impressive growth in revenue and convenience for tenants. Major renovations have been completed, including a new roof and gutters just five years ago and new windows installed six years ago. The water heater was replaced two years ago, and most of the appliances have been upgraded within the past year. The building features beautiful pinewood trim throughout, adding a touch of elegance and durability that sets it apart from other properties. The separate utilities for gas and electric ensure tenants are responsible for their usage, further enhancing profitability. The coin-operated laundry is a lucrative income source, offering value-added potential: with revenue doubling in just three months. This additional income stream enhances the property's overall yield and provides opportunities for future growth. Situated in Bridgeview, this property offers location advantage and gives tenants convenient access to local amenities, schools, gas stations, restaurants, fast food, Walmart, Pete's Market, Menards, gyms, the Village of Bridgeview building and Police Station is blocks away, Jewelry stores, memorial parks, UPS customer centers, transportation, Bridgeview's stadium SeatGeek known as Toyota Park prior, and more. Its prime location ensures high occupancy rates and consistent demand, making it a stable and lucrative investment. This apartment building in Bridgeview is not just an investment; it's a strategic asset designed to generate consistent income while offering growth and appreciation. With its modern amenities, recent upgrades, and exceptional revenue potential, it stands as a premier choice for investors seeking a reliable and profitable real estate opportunity.
Continue reading
MLS#
12152298
Property Type
General Commercial
Year Built
1974
Square Feet
5,000
sq. ft
Lot Size
0.21
Receive an email as soon as the price changes
Receive an email
as soon as the price changesGet Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Nearby Homes For Sale
Just Listed
And
Homes Available
In