1510 Northwest Highway, Arlington Heights

$1,100,000

0 Beds
0 Baths
7,416 Sqft
.33 Acres
0 Garages

Rare Arlington Heights 6 Flat Investment Opportunity close to Downtown in Sought after Windsor/South (District 25) & Prospect HS (District 214) Schools. Five Long-Term Tenants (between 10 & 25 years each). Great Cash Flow Opportunity or Condo Conversion. All Leases Expire March 31, 2020. All Brick Building & Fully Renovated Exterior. Attached 3 Car Heated (Separate Furnace) All-Brick Garage (2016), Roof (2019), & 400 Amp Service (2016). 2 Newer Converted Units (2016). Other Recent Updates include Windows (2014), Boiler (2009), and 3 Independent HVAC units (2018/19). Parking for 12; 3 Indoor Heated Garage & 9 Outdoor Spaces. Great Opportunity to Increase Cash Flow by Market Rate and/or Further Updating Units. $67K Cash Flow, 11.7 Gross Rental Multiplier & 6.1 Cap Rate. R-6 Multiple Family Dwelling. Pride of Ownership. Call now for a Private Showing!

Essential Information
MLS® #10417355
Price$1,100,000
Square Footage7,416
Acres0.33
Year Built1970
TypeCommercial
Sub-TypeMulti Family 5+
StatusContingent
Community Information
Address1510 Northwest Highway
AreaArlington Heights
CityArlington Heights
CountyCook
StateIL
Zip Code60004
Amenities
Parking Spaces12
Amenities

Curbs and Gutters, Sidewalks, Cable Ready

Utilities

Sanitary Sewer to Site, Water-Municipal, Sewer-Storm Available, Other

Interior
Stories2
Has BasementYes
Heating

Central Heat/Indiv Controls, Forced Air, Gas, Central Bldg Heat, Hot Water, Separate Per Unit

Cooling

Central Air, Central Individual, Partial, Window Unit/s, Zoned

Exterior
ExteriorBrick
Lot DescriptionCorner, Public Transport Avail
RoofGable
ConstructionSteel, Brick, Concrete
FoundationConcrete
Additional Information
ZoningMULTI
Listing Details
Office@properties
Property History
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,150,000 to $1,100,000
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,250,000 to $1,150,000
Show All History (6)
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Listing information last updated on December 12th, 2019 at 6:53am CST.