4425 Harlem AveStickney, IL 60402

Property Details for 4425 Harlem Ave

Year built

1961

Lot size

0.25 AC

Property size (Sq ft)

8,080 SF

Property type

Retail residential properties

APN

19-06-307-027

APU

1906307027

Description

This 6,970 sq ft mixed-use building in Stickney, IL, offers a compelling owner-user or investment opportunity. The property, built in 1961 and renovated in 2023, features ten units: six one-bedroom/one-bathroom apartments and four office suites, currently boasting 100% occupancy. Recent capital improvements include a new roof, soffits, fascia, HVAC systems, staircases, and sprinkler system. The building benefits from flexicore construction, 14 parking spaces, and a prime location on Harlem Avenue, providing high visibility and convenient access to major transportation routes, including I-290 and I-55, as well as Metra stations. The current NOI is $78,251, with a pro-forma NOI of $100,342, reflecting significant value-add potential through rental increases, utility bill back implementation, and a potential zoning appeal. The asking price is $1,400,000, representing a 5.59% cap rate and a pro-forma cap rate of 7.17%. The 0.25-acre lot is zoned 5-17. This turnkey property presents a strong return on investment with potential for further growth. Individual HVAC systems are in place, with tenant-paid heat. Amenities include master key entry and common area bathrooms. The building's location offers proximity to local amenities such as parks, schools, and public transportation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,015,945

  6.5%

  $2,783,949

  7%

  $2,585,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,631,251

  Geo Method

  $1,631,251

• Alternative Use

  Use

  Valuation

  Residential

  $2,783,949

  Hospitality

  $2,550,082

  Educational

  $2,121,638

  Medical

  $2,194,605

  Retail

  $3,300,326

Location Insight

City

Stickney

County

Cook

State

Illinois

Latitude

41.8111

Longitude

-87.8018

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].