7227 Roosevelt Road
$995,000
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Description
Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the 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 units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored...Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the 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 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 apartments 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 roof silver coat (2024), HVAC (2019-2024 five units replaced), copper plumbing (2016), and windows (2016). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers tenants 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.
- 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
Status | Active |
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MLS # | 12150092 |
Days on Market | 78 |
Taxes | $50,449 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1924 |
Lot Size | 0.18 AC / 8,000 SF |
County | Cook County |
Building Information for 7227 Roosevelt Road
Stories2Residences9Year Built1924Lot Size0.18 AC / 8,000 SF
Property Information for 7227 Roosevelt Road
Property History for 7227 Roosevelt 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.
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 |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | K to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 |
Rating | School | Distance |
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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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