7227 Roosevelt Road

Forest Park, IL 60130

$995,000
Price
9
Beds
5
Baths
4
1/2 Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Get ready to cash flow on day one of ownership! 7227-7233 Roosevelt Road is a fully occupied nine-unit mixed-use property located in the prime near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground-level commercial spaces, along with five (5) exterior parking spaces. All commercial and apartment units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces...Get ready to cash flow on day one of ownership! 7227-7233 Roosevelt Road is a fully occupied nine-unit mixed-use property located in the prime near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground-level commercial spaces, along with five (5) exterior parking spaces. All commercial and apartment units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartment units feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include copper plumbing (2016), roof silver coat (2024), windows (2016), HVAC units (2019-2024 for five units). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.
  1. Listed by Ryan Blake • Essex 312, LLC

Property Details for 7227 Roosevelt Road

Area
Forest Park
LISTING UPDATED: 11/14/2024 12:07 AM

Property Details for 7227 Roosevelt Road

StatusActive
MLS #12138658
Days on Market91
Taxes$50,449 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1924
Lot Size0.18 AC / 8,000 SF
CountyCook County

Building Information for 7227 Roosevelt Road

Stories2Residences9Year Built1924Building Size-Lot Size0.18 AC / 8,000 SF

Property Information for 7227 Roosevelt Road

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • # Of Washers: 1
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Heat/Indiv Controls,Individual Furnaces
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 5.4
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 8,000 SF
  • Lot Size Square Feet: 8000.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Roof Structure: Flat
  • Building Area Total: 9400
  • Lot Size Source: Other
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
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: $396.00
  • Fuel Expense: $1,980.00
  • Gross Income: $163,800.00
  • Gross Scheduled Income: $163,800.00
  • Insurance Expense: $4,805.00
  • Maintenance Expense: $4,950.00
  • Electric Expense Source: Combination
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 1500
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 13650
  • Water Expense Source: Combination
  • Net Operating Income: $87,124.00
  • Operating Expense: $76,676.00
  • Other Expense: $.00
  • Trash Expense: $2,816.00
  • Water Sewer Expense: $9,780.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7227 Roosevelt Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7227 Roosevelt Road

Taxable ValueLand$11,316Additions$61,097Total$72,413
Tax Record2022$25,954 ($2,163 / month)
Home Facts
Lot Size8,083 SqFtStyleStoresYear Built1924CountyCOOKAPN15-13-430-033

Schools near 7227 Roosevelt Road

This home is within Proviso Twp Hsd 209 School District.
Rating
School
Type
Grades
Distance
Garfield Elementary School
Public - PK to 2
Betsy Ross Elementary School
Public - K to 2
Field Stevenson Elementary School
Public - 3 to 5
Forest Park Middle School
Public - 6 to 8
Rating
School
Distance
Garfield Elementary School
PublicPK to 2

Betsy Ross Elementary School
PublicK to 2

Field Stevenson Elementary School
Public3 to 5

Forest Park Middle School
Public6 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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More information about 7227 Roosevelt Road, Forest Park, IL 60130

7227 Roosevelt Road is a multi-family home for sale in Forest Park, IL 60130. This property was listed for sale on August 15, 2024 by Essex 312, LLC, it's currently listed at $995,000. It has been on the market for a total of 91 days and was last sold on March 3, 2011. This listing's school districts are Proviso Twp Hsd 209 School District, Forest Park School District 91. Nearby schools include Garfield Elementary School, Betsy Ross Elementary School and Field Stevenson Elementary School. 7227 Roosevelt Road is a 9-bed, 7-bath, multi-family home built in 1924.

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 Essex 312, 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 11/14/2024 12:07 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.