712 East Kensington Road

Arlington Heights, IL 60004

$735,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Andrew Nazimok • Entrust Realty Group, LLC

Property Details for 712 East Kensington Road

Area
Arlington Heights
Zoning
COMMR
LISTING UPDATED: 08/31/2024 12:06 AM

Property Details for 712 East Kensington Road

StatusActive
MLS #12123398
Days on Market72
Taxes$16,874 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1923
Lot Size0.23 AC / 10,000 SF
CountyCook County

Building Information for 712 East Kensington Road

Stories2Residences4Year Built1923Lot Size0.23 AC / 10,000 SF

Property Information for 712 East Kensington Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • 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: Central Air, Central Individual
  • Electric: Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
  • Heat/Ventilation: Gas
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 0000
  • Lot Size Square Feet: 10000.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Other
  • Building Area Total: 6288
  • # Of Offices: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores, Ofc/Store
Property and Assessments
  • Buyer Financing: Conventional, Negotiable
  • Public Document Count: 0
  • Photos Count: 16
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $75,000.00
  • Gross Scheduled Income: $75,000.00
  • Insurance Expense: $2,200.00
  • Total Monthly Income: 6250
  • Net Operating Income: $52,325.00
  • Operating Expense: $22,674.00
  • Other Expense: $.00
  • Trash Expense: $1,800.00
  • Water Sewer Expense: $1,800.00

Property History for 712 East Kensington Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
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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712 East Kensington Road is a mixed use property for sale in Arlington Heights, IL 60004. This property was listed for sale on July 28, 2024 by Entrust Realty Group, LLC, it's currently listed at $735,000. This listing's school districts are Arlington Heights School District 25, Township Hsd 214 School District. Nearby schools include Windsor Elementary School, South Middle School and Prospect High School. 712 East Kensington Road is a 0-bed, 0-bath, mixed use property built in 1923.

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 Entrust Realty Group, 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 08/31/2024 12:06 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.