Active
7227 Roosevelt Road
Forest Park IL, 60130
$995,000
$105.85 per sqft
Active
9,400 sqft
Other
Built in 1924
Courtesy of Essex 312, LLC
Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground level commercial spaces, along with five (5) exterior parking spaces. All units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartments feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include roof silver coat (2024), HVAC (2019-2024 five units replaced), copper plumbing (2016), and windows (2016). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers tenants easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.
12150092
MLSⓇ ID
August 28, 2024
Listed
November 22, 2024
Updated
Map
7227 Roosevelt Road
Forest Park IL, 60130
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Individual
Heating
No
Exterior/Building Features
Lot Size
0.18 Acres
Other Property Details
Area Name
Forest Park
Taxes
$50,449
Tax Frequency
Annually
Days on Market
79
Garage
No
View
No
County
Cook
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/8/2024 | Price change | $995,000 -6% |
Courtesy of Essex 312, LLC, Ryan Blake,
Listing Contact: 773-458-5428
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than LaToya Moore are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 7:17 AM UTC, 11/22/2024
