8 Flat Investment Opportunity. Building is fully occupied. All units have been updated and have maple cabinetry, stainless steel appliances along with bamboo flooring and tile kitchen and bath. Well maintained building. Washer and Dryer are coin operated and Owned by building owner. Great Existing rent roll and additional room to increase to market rents across the board. All Units have electric appliances, tenant pays electric. Owner pays water. Newer Roof 2018. Parking lot offers ample parking.
Investment Potential In This Building On Busy Roberts Rd. 1 Office On Lower Level, and 2 Apartments Upstairs. All Units Currently Rented On Month To Month Basis. Off Street Parking On Side Of Building. Property Is Being Sold As-Is.
Great Investment Opportunity. Solid Brick Building Consists of Four Total Units-Two Storefronts/Offices As Well As Two Apartments Upstairs. Fully Rented. Current Tenants To Stay Until End Of Current Leases, Maybe Longer. Ample Parking On Both Sides Of Building. Great Visibility On Corner Lot. Roof 3 Years, Furnace 2 Years, A/C Unit-2016, New Flooring In One Of The Offices. Appliances Stay In Apartments As Well As Air Conditioners. Building Has Been Well Maintained. Recent Renovation On Balcony/Staircases Includes New Wood Fabrication As Well As New Concrete and New Railings in 2024. Great Property! Schedule Your Appointment To See It Today.
We are proud to present the opportunity to acquire a value-add investment property including a 41,650 square-foot multi-tenant retail center and one undeveloped outlot positioned in a strong, transit-oriented location in the Chicago suburb of Hickory Hills. This property offers tremendous upside and future NOI growth through the potential for development of the outlot. Furthermore, new ownership can add value by repositioning the below-market gross leases into NNN market rents. 87th Street Plaza contains 41,650 square-feet and is situated on approximately 5.42 acres. At the southwest corner of 87th Street and 88th Avenue just south of I-294, the center benefits greatly from its position next to CVS and Shell Gas Station across from Hickory Hills Police Department. Anchored by recently-renewed variety store chain, Dollar General, the center is 96% occupied by many internet-resistant tenants on long-term leases. Differentiated businesses and contrasting rush hours allow for an ideal synergy and mutual benefit across the property. The brick construction building has been beautifully maintained and offers its visitors 242 parking spots in a landscaped and well-kept lot. Four entrances on two separate roads aid traffic flow and allow tenants to operate smoothly. Cross access with CVS and Shell allows for easy entry for those visitors as well. This asset is being offered at an 8.81% CAP rate with tremendous upside potential through future development and repositioning of the property.
FULLY OCCUPIED GREAT INVESTMENT IMMACULATE 4 STOREFRONTS ON A HEAVY TRAFFIC 87TH STREET, GREAT FRONTAGE. THIS WELL MAINTAINED SHOPPING STRIP CONSISTS OF 4 STOREFRONTS, 6200 SQUARE FEET BRICK BUILDING, 1/2 ACRE LOT, PLENTY OF PARKING SPACES, OVER 25 SPACES IN THE FRONT AND SOME IN THE BACK, NEWER HEATING & A/C IN THE THREE STOREFRONTS, AND NEW A/C, HEATING, PLUMBING, ELECTRICAL, FLOORING, NEW BATH, FRESHLY PAINTED IN UNIT 8037. 2 UNITS ARE RENTED, LONG-TERM TENANTS, FAST FOOD PAYING $1960, BARBERSHOP PAYING $1600 PER MONTH. TENANTS ARE RESPONSIBLE FOR ALL UTILITIES AND THE INTERIOR. REPAIRS. 2 STOREFRONTS JUST RECENTLY RENTED, $3,000 FOR RENT, FOR 2535 SQFT FULLY EQUIPPED FOR SUPERMARKET/RESTAURANT, AND ALL PIECES OF EQUIPMENT ARE INCLUDED IN THE SALE IF REQUESTED. WALL-TO-WALL BUILT-IN COOLERS, WALK-IN COOLERS, INDUSTRIAL-SIZE FREEZER, GRILLS, COLD CUT COMPARTMENTS, ETC... 1000 SQFT RENTED FOR $1000 NEWER ROOF. TAXES ARE APPEALED, AND THEY WILL BE REDUCED TO $35,000. TOTAL MONTHLY RENTAL INCOME $7560. SOLID STRONG LEASES.
The median home value in Hickory Hills, IL is $359,500. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Hickory Hills, IL is $359,500. Approximately 68.2% of Hickory Hills homes are owned, compared to 26.26% rented, while 5.54% are vacant. Hickory Hills real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hickory Hills real estate agent to arrange a tour today!
Hickory Hills, Illinois has a population of 14,483. Hickory Hills is more family-centric than the surrounding county with 38.27% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Hickory Hills, Illinois is $69,072. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Hickory Hills is 36.8 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 17.9 degrees. The average rainfall is approximately 39.1 inches per year, with 31.6 inches of snow per year.