7227-7233 Roosevelt Rd - Apartments FOR SALE


Forest Park, IL 60130
$995,000 USD
773-469-4062
7227-7233 Roosevelt Rd, Forest Park, IL for Sale
$995,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

7227-7233 Roosevelt Rd
Forest Park, IL 60130


HIGHLIGHTS

  • Fully Occupied Mixed-Use Property in Highly Desirable Forest Park
  • Strong Unit Mix: Four (4) 2Bd/1Ba, One (1) 1Bd/1Ba, & Four (4) Commercial
  • Individual HVAC and Hot Water Heaters
  • Multiple Recent Capital Improvements: Copper Plumbing (2016), Roof Silver Coat (2024), Windows (2016), New HVAC Units (2019-2024 for Five Units)
  • Phenomenal Location Walking Distance to CTA, Abundant National Retailers, & Entertainment

OVERVIEW

Essex Realty Group, Inc. has been exclusively engaged to market for sale 7227-7233 Roosevelt Road, 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 commercial and apartment 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 apartment units 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. Per the enclosed rental survey, a new owner will have the opportunity to raise current rents by 15-40% for apartment units, and over 16% for the commercial spaces "As-Is." 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

9

PRICE/UNIT

$110,556

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B2, Forest Park

APN/PARCEL ID

15-13-430-033-0000

ASK ABOUT THIS PROPERTY

Karla GalvaEssex Realty Group, LLCMore Info
773-469-4062

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Karla GalvaEssex Realty Group, LLCMore Info
773-469-4062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.