116 South Prospect Avenue
$2,000,050
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Description
Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased...Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased space. Please contact for any information on rental income and spaces available.
- Listed by Alexis Ramirez • Troy Realty Ltd
- Listed by Stephen Cioromski • Troy Realty Ltd
Property Details for 116 South Prospect Avenue
Area
Park Ridge
ZoningCOMMR
LISTING UPDATED: 08/17/2024 03:33 AM
Property Details for 116 South Prospect Avenue
Status | Active |
---|---|
MLS # | 12032146 |
Days on Market | 352 |
Taxes | $35,922 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1938 |
Lot Size | 0.16 AC / 7,000 SF |
County | Cook County |
Building Information for 116 South Prospect Avenue
Stories3Residences3Year Built1938Lot Size0.16 AC / 7,000 SF
Property Information for 116 South Prospect Avenue
Property History for 116 South Prospect Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 116 South Prospect Avenue
Taxable ValueLand$33,600Additions$104,527Total$138,127
Tax Record2022$35,922 ($2,993 / month)
Home Facts
Lot Size7,000 SqFtStyleSchoolYear Built1935CountyCOOKAPN09-35-203-023
Schools near 116 South Prospect Avenue
This home is within Maine Township Hsd 207 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Theodore Roosevelt Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Maine South High School Public9 to 12 | ||
Ralph J Frost Academy 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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