Stickney, IL 60402 4425 Harlem Avenue
$1,379,900



26 more


























Presented By: Midwest SignatureProperties Co
Home Details
Exceptional Investment Opportunity - 11-Unit Mixed-Use Building in Stickney, IL. This building is a well-maintained, flexicore-constructed 11-unit mixed-use asset. This versatile property features six (6) residential 1-bedroom, 1-bathroom apartments and four to five (4-5) office suites, The building includes a secure, income-producing tenant who intends to remain for the foreseeable future. The residential units are separately metered, each equipped with individual HVAC systems, water heaters, and rooftop A/C units. One apartment has been fully renovated with premium finishes, including an in-unit washer and dryer, stainless steel appliances, white shaker cabinetry, granite countertops, vinyl plank flooring, and a modernized bathroom-providing a strong model unit for potential rent increases. The remaining apartments offer a mix of carpet and tile flooring, laminate countertops, and white kitchen cabinetry, allowing for value-add potential through interior upgrades. Recent capital improvements enhance the building's longevity and tenant appeal, including a new tear-off roof, gutters, soffits, fascia, rooftop A/C units, exterior staircases, and a fire sprinkler system. Property amenities include a heated two-car garage, on-site management office, master key entry system, common area restrooms, a prominent pylon sign, and 14 dedicated parking spaces. The residential tenants are currently paying their own heat and electricity, there is immediate upside for investors through rent increases, implementation of a RUBS program for the office tenants, and restoration of the property's original mixed-use zoning classification (2022: 3-18 Mixed-Use; 2023: 5-17 One-Story Commercial). This is a rare chance to acquire a stable, income-generating property with multiple value-add strategies and strong long-term growth potential. Don't miss the opportunity to invest in one of Stickney's most strategic mixed-use assets!
Presented By: Midwest SignatureProperties Co
General for 4425 Harlem Avenue
Additional Parcels Y/NNo
Cap Rate6.12
CityStickney
Construction MaterialsBrick, Concrete, Stucco
CoolingCentral Air, Wall Sleeve
CountyCook
Current UseCommercial
DirectionsHarlem Ave south of Pershing Rd
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income138000
Insurance Expense5866
Lease TypeN/A
Lot Size Square Feet10873
MLS AreaStickney
Net Operating Income91801
Number Of Units Total11
Operating Expense46199
PossessionImmediate
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount24418.88
Tax Year2024
Tenant PaysHeat
TownshipStickney
Trash Expense864
Water Sewer Expense1705
Year Built1961
ZoningCOMMR
Exterior for 4425 Harlem Avenue
Building Area Total6970
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions10873
Additional Details
Price History

SQFT • 6,970