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Multi-Unit, Low-rise - Evergreen Park, IL
Property Description Solid 3-story brick and Flexicore mixed-use asset in Evergreen Park. Fully occupied with four spacious one-bedroom apartments and two street-front retail bays leased to established salon and nail businesses. The property also includes a 21/2-car garage currently rented for storage, plus off-street parking. Additional income is generated from on-site coin laundry and storage rentals, creating diversified cash flow beyond rent. Apartments are leased below market, presenting immediate upside through rent adjustments or renovations. Retail bays provide consistent income and visible storefront exposure on Kedzie Avenue, supporting tenant stability and long-term cash flow. The location is a tenant draw: a CTA Route 52A bus stop sits directly in front, offering direct service to the Orange Line Kedzie station for quick access to downtown Chicago and Midway Airport. P...
Property Description Solid 3-story brick and Flexicore mixed-use asset in Evergreen Park. Fully occupied with four spacious one-bedroom apartments and two street-front retail bays leased to established salon and nail businesses. The property also includes a 21/2-car garage currently rented for storage, plus off-street parking. Additional income is generated from on-site coin laundry and storage rentals, creating diversified cash flow beyond rent. Apartments are leased below market, presenting immediate upside through rent adjustments or renovations. Retail bays provide consistent income and visible storefront exposure on Kedzie Avenue, supporting tenant stability and long-term cash flow. The location is a tenant draw: a CTA Route 52A bus stop sits directly in front, offering direct service to the Orange Line Kedzie station for quick access to downtown Chicago and Midway Airport. Police and fire departments are both within two blocks, further strengthening the property's appeal. This is a rare chance to acquire a stabilized mixed-use investment with diversified income streams, strong visibility, and multiple avenues for increased returns. Location Description Prime Evergreen Park location on Kedzie Avenue with strong traffic counts and retail visibility. A CTA Route 52A bus stop sits directly in front, providing service to the Kedzie Orange Line station for access to downtown and Midway. Police and fire services within two blocks further strengthen tenant appeal. Highlights 3-story brick & Flexicore mixed-use building 4 spacious 1BR apartments + 2 retail bays (fully occupied) Fully-occupied, value-add opportunity Apartments leased below market = clear rental upside Additional income from garage, storage, parking and on-site laundry Off-street parking supports both residential and retail Strong visibility and stable commercial tenants
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