712 East Kensington Road
$735,000
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Closed 11/26/24
Description
Fully Rented Income-Producing Mixed-Use Property in Prime Location Fully occupied, mixed-use building offers an excellent investment and income producing opportunity, has tons of potentials in a thriving area. The two-story property 4,800 sq ft above ground and is situated on an approximately 10,000 sq ft lot. Positioned amidst new developments residential and commercial developments, across the street from Marianos and brand new condominiums, the building is fully occupied and benefits from its...Fully Rented Income-Producing Mixed-Use Property in Prime Location Fully occupied, mixed-use building offers an excellent investment and income producing opportunity, has tons of potentials in a thriving area. The two-story property 4,800 sq ft above ground and is situated on an approximately 10,000 sq ft lot. Positioned amidst new developments residential and commercial developments, across the street from Marianos and brand new condominiums, the building is fully occupied and benefits from its prime location. The first floor has two commercial units, each approximately 1,260 sq ft, with a combined area of 2,600 sq ft. These units underwent a comprehensive top-down renovation in 2019, which included rebuild to an open concept space, replacement of HVAC systems, A/C units, water heaters, floorings, walls, electrical, led lighting systems, rebuild bathrooms, plumbing, all new windows, expanded store front windows, new doors and much more. Each unit is individually metered for gas and electric utilities. The second floor has two fully leased 3-bedroom apartments. Currently on month-to-month leases. Apartments are individually metered for gas and electric services. The property also includes a full basement with potential for additional lower-level space or storage. Dedicated private parking area for 6-12 cars, available for both tenants and customers. Additional free parking is available on South Hickory Avenue. The building is located at the highly sought-after neighborhood directly across from the busy Mariano's grocery store and adjacent to the new Arlington Market subdivision. The neighborhood is experiencing a surge in development, including newer multi-family residential units and brand-new retail/residential condominiums across the street on Hickory Ave, indicating a promising and rapidly evolving locale. Please refrain from disturbing the tenants. This property is broker-owned and offers easy access to NW Highway. Investors are welcome, with seller financing available for qualified buyers at 7% for 3 years, contact listing broker for details regarding financing. Don't miss out on this incredible opportunity to invest in a prime, fully rented, income-producing property!
- Listed by Andrew Nazimok • Entrust Realty Group, LLC
Sold By KOMAR
Property Details for 712 East Kensington Road
Area
Arlington Heights
ZoningCOMMR
LISTING UPDATED: 11/28/2024 07:40 PM
Property Details for 712 East Kensington Road
Status | Closed |
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MLS # | 12123398 |
Days on Market | 64 |
Taxes | $16,874 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1923 |
Lot Size | 0.23 AC / 10,000 SF |
County | Cook County |
Building Information for 712 East Kensington Road
Stories2Residences4Year Built1923Lot Size0.23 AC / 10,000 SF
Property Information for 712 East Kensington Road
Property History for 712 East Kensington Road
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.
Schools near 712 East Kensington Road
This home is within Arlington Heights School District 25.
Rating | School | Type | Grades | Distance |
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Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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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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