1806 East Northwest Highway

Arlington Heights, IL 60004

$329,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity in Arlington Heights! Commercial storefront and office spaces bringing $5050/month in rent. Property located just north of the Culvers on Northwest Highway and just down the road from Arlington Park. Lots of new updates. All brand new windows, new carpet and fresh front concrete slab. Property had a recent brick work and tuckpointing. Brand new electrical panel & main switch. Exterior soffit and gutters repainted. Newer roof & furnace! Attached side parking lot with 13...Great investment opportunity in Arlington Heights! Commercial storefront and office spaces bringing $5050/month in rent. Property located just north of the Culvers on Northwest Highway and just down the road from Arlington Park. Lots of new updates. All brand new windows, new carpet and fresh front concrete slab. Property had a recent brick work and tuckpointing. Brand new electrical panel & main switch. Exterior soffit and gutters repainted. Newer roof & furnace! Attached side parking lot with 13 parking spaces, front entry and exit to an alley behind the building. Unique office set-up with 11 total units rented including jewelry store in front. All units have their own half baths. All office spaces are currently rented in addition to 3 parking spaces. excellent tenants. 24 hour notice appreciated.
  1. Listed by Peter Dubiel • Homesmart Connect LLC

Property Details for 1806 East Northwest Highway

Area
Arlington Heights
Township
Wheeling
Zoning
OFFIC

Location

Listing Courtesy of Homesmart Connect LLC
Add your commute
LISTING UPDATED: 05/22/2024 01:25 PM

Property Details for 1806 East Northwest Highway

StatusPending
MLS #11949063
Days on Market162
Taxes$14,830 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1962
Lot Size0.13 AC / 5,550 SF
CountyCook County

Location

Listing Courtesy of Homesmart Connect LLC
Add your commute

Building Information for 1806 East Northwest Highway

Stories-Residences11Year Built1962Lot Size0.13 AC / 5,550 SF

Payment Calculator

$3,031 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,795

Property Taxes

$1,236

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1806 East Northwest Highway

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
  • Open Parking Spaces: 13.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50X112
  • Lot Size Square Feet: 5550.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: None
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3100
  • # Of Offices: 10
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 26
Miscellaneous
  • Current Use: Office
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $1,870.00
  • Fuel Expense: $1,950.00
  • Gross Income: $60,600.00
  • Gross Scheduled Income: $60,600.00
  • Insurance Expense: $2,100.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 5050
  • Water Expense Source: Actual
  • Net Operating Income: $52,319.00
  • Operating Expense: $8,281.00
  • Other Expense: $480.00
  • Trash Expense: $936.00
  • Water Sewer Expense: $945.00

Property History for 1806 East Northwest Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1806 East Northwest Highway

Taxable ValueLand$27,750Additions$28,500Total$56,250
Tax Record2022$14,831 ($1,236 / month)
Home Facts
Total Finished SqFt3,200 SqFtAbove Grade Finished SqFt3,200 SqFtStories2Lot Size5,550 SqFtStyleStoresYear Built1962CountyCOOKAPN03-33-118-010

Schools near 1806 East Northwest Highway

This home is within Arlington Heights School District 25.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Windsor Elementary School
PublicK to 5

South Middle School
Public6 to 8

Prospect High School
Public9 to 12

Vanguard School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homesmart Connect LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/22/2024 01:25 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.