1710 Chicago RdChicago Heights, IL 60411

Property Details for 1710 Chicago Rd

Year built

1931

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

4,182 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

32-20-430-038

APU

3220430038

Description

This exceptional Chicago Heights investment opportunity presents a rare chance to acquire a thriving mixed-use property at 1710 & 1712 Chicago Rd, Cook County, IL 60411. Established in 1931, the well-known Enzo's & Caramel Corn business occupies the main commercial space, offering a long-standing history and proven profitability. The property includes a fully operational restaurant and bar, complete with gaming machines generating supplemental income. A residential apartment located at the rear of 1710 Chicago Rd provides additional income potential. The building's prime corner location on Chicago Road boasts high visibility and significant traffic, with over 15,000 vehicles passing daily. The property's versatility extends to its suitability for various events and catering services. This turnkey operation offers immediate income streams and significant upside potential for a savvy investor. The asking price is $180,000. This is a unique chance to own a piece of Chicago Heights history and capitalize on a well-established, income-producing asset. The property consists of two addresses: 1710 and 1712 Chicago Road. 1710 houses the restaurant and two rear apartments, while 1712 features the bar and gaming machines.

• CAP approach

  CAP return

  Valuation

  6%

  $1,666,530

  6.5%

  $1,538,335

  7%

  $1,428,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $844,294

  Geo Method

  $844,294

• Alternative Use

  Use

  Valuation

  Residential

  $1,538,335

  Hospitality

  $1,409,107

  Educational

  $1,172,360

  Medical

  $1,212,680

  Retail

  $1,823,672

Location Insight

City

Chicago Heights

County

Cook

State

Illinois

Latitude

41.4999

Longitude

-87.6406

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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