Listed by RE/MAX Suburban
$4,900,000
7701-7757 W Lawrence Avenue
Details
APN 12131150170000
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 47,792
Units 25
Cap Rate 7.29%
NOI $357,073
Class B
Year Built 1960
Stories 2
Lot Size (SqFt) 84,420
Zoning RTAIL
Mixed cash flow, 16 apartments, 8 commercial storefronts, 15k SF department store
Marketing description
A rare opportunity to acquire a high-performing mixed-use investment in the heart of the Village of Norridge, IL. This three-building portfolio features a healthy mix of residential and retail tenants, with strong cash flow and clear value-add potential. 16 Apartments: (8 two-bedroom, 8 one-bedroom) 8 Retail Units (ground floor) 21,000 SF Free-Standing Retail Building 15,000 SF main floor (w/6,000 SF basement with racking-height ceilings) Ample on-site parking
Listing Contacts
Listed by RE/MAX Suburban
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$357,073.00
$29,756.08/mo
Valuation Metrics
0
DSCR
7.29%
Cap Rate
7.29%
ROI
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