1030 Sterling Avenue

Flossmoor, IL 60422

$2,100,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Two mixed-use properties for sale in t he heart of Flossmoor's central business district. The large corner clock tower building (1030-1032 Sterling) has 5 retail tenants and 4 very desireable apartments - all fully rented and pay their own electric and gas. Heat is suppied by the owner. There are 3 separate basements in the corner building - 1 houses the electric meters and boiler for all 4 apartments and 3 of the retail units. 2 retail tenants have central heat and AC. The 2nd basement has 2 coin...Two mixed-use properties for sale in t he heart of Flossmoor's central business district. The large corner clock tower building (1030-1032 Sterling) has 5 retail tenants and 4 very desireable apartments - all fully rented and pay their own electric and gas. Heat is suppied by the owner. There are 3 separate basements in the corner building - 1 houses the electric meters and boiler for all 4 apartments and 3 of the retail units. 2 retail tenants have central heat and AC. The 2nd basement has 2 coin operated washers and 2 dryers with additional room for storage. 3rd basement is currently rented out to the restaurant across the street for storage. The 2nd mixed use building (1036 Sterling) offers (1} 1700 SF retail unit and 1 large 2-bedroom apartment, with in-unit laundry and 2 car detached garage (currently rented on a MTM basis), and is currently available for an owner/user to occupy. 1036 Retail unit has central heat and AC and the apartment has hot water radiators and window AC units. Both units pay all utilities, including water. These buildings offer a prime location across from the commuters metra station, an award winning micro brewery, restaurants & boutique shops. This is a very special property for your most very special investors!
  1. Listed by Denise Raines • Keller Williams Preferred Rlty

Property Details for 1030 Sterling Avenue

Area
Flossmoor
Township
Rich
Zoning
COMMR
LISTING UPDATED: 08/17/2024 03:37 AM

Property Details for 1030 Sterling Avenue

StatusActive
MLS #12127481
Days on Market61
Taxes$42,552 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1934
Lot Size0.15 AC / 6,618 SF
CountyCook County

Building Information for 1030 Sterling Avenue

Stories2Residences9Year Built1934Lot Size0.15 AC / 6,618 SF

Property Information for 1030 Sterling Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces,Assigned Spaces,Lighted,Paved,Public Lot
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: South Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 2
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Forced Air,Gas,Hot Water,Radiators
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • Misc Inside: Multi-Tenant,Private Restroom/s,Basement
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
  • Misc Outside: Other
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 51X125X52X132
  • Lot Size Square Feet: 6618.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10110
  • # Of Offices: 0
  • # Of Ranges: 4
  • # Of Stores: 5
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Office and Research, Multi-Family, Retail, Other
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 3
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Corner,Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $390.00
  • Fuel Expense: $7,200.00
  • Gross Income: $263,067.00
  • Gross Scheduled Income: $263,067.00
  • Insurance Expense: $9,800.00
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Total Monthly Income: 21922
  • Net Operating Income: $175,553.00
  • Operating Expense: $78,514.00
  • Other Expense: $26,162.00
  • Trash Expense: $2,412.00
  • Water Sewer Expense: $5,000.00

Property History for 1030 Sterling Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1030 Sterling Avenue

This home is within Homewood Flossmoor Chsd 233 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Western Avenue Elementary School
PublicPK to 5

Parker Junior High School
Public6 to 8

Homewood-Flossmoor High School
Public9 to 12

Infant Jesus Of Prague School
PrivatePK to 8

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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1030 Sterling Avenue is a mixed use property for sale in Flossmoor, IL 60422. This property was listed for sale on August 9, 2024 by Keller Williams Preferred Rlty, it's currently listed at $2,100,000. This listing's school districts are Homewood Flossmoor Chsd 233 School District, Flossmoor School District 161. Nearby schools include Western Avenue Elementary School, Parker Junior High School and Homewood-Flossmoor High School. 1030 Sterling Avenue is a 0-bed, 0-bath, mixed use property built in 1934.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred Rlty

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 08/17/2024 03:37 AM. 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.