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31616895
31616905

1616 Ogden Avenue, Lisle, IL 60532

NS
IL 475144283
$749,900
55 days on market
Updated 37 days ago

1616 Ogden Avenue

Details
APN 0803312018
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Duplex/Triplex/Quadruplex (+1)
Units 5
Year Built 1960
Stories 2
Lot Size (SqFt) 10,000
Zoning MULTI

Multifamily | 5 Units

Marketing description

1616 Ogden Ave, Lisle, Illinois - MixedUse Investment Property Prime mixeduse opportunity along highly traveled Ogden Avenue with 25,200 vehicles per day and excellent visibility from 50 feet of frontage. This fully occupied 4,900 sq ft building sits on a 50' x 200' lot and offers a strong blend of stable residential income and versatile commercial tenancy. The property features two groundfloor commercial spaces (approx. 1,300 sq ft and 1,200 sq ft) along with three updated residential apartments above, each approximately 950 sq ft. All units are currently leased, providing immediate inplace cash flow. Recent capital improvements include a new roof (4 years), boiler (3 years), and tuckpointing (5 years). Residential units have received selective renovations such as updated flooring, refreshed bathrooms, and newer appliances, supporting longterm rent stability. Additional revenue potential comes from an onsite garage, ideal for storage or supplemental tenant use. The property also includes 14 dedicated parking spaces, a rare convenience in this corridor. Located in the heart of Lisle's commercial district, the site benefits from strong traffic counts, easy access to major thoroughfares, and a mix of surrounding retail, service, and residential demand.
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NS
IL 475144283

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Additional Information

Name
Nick Sellis
License
475144283
Brokerage
HRE Real Estate Services
Brokerage Phone
7736167362
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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