Closed

$1,099,000

8632 103rd Street, Palos Hills, IL 60465
19 days
8632 103rd Street·Palos Hills, IL 60465
1976Year Built
About This Home

Welcome to this fantastic investment opportunity! Presenting a prime commercial multi-use property located in a bustling and sought-after neighborhood. This property offers the perfect blend of steady rental income from residential units and thriving commercial spaces, making it an excellent prospect for seasoned investors and first-time buyers alike. The property features a collection of well-maintained 1-bedroom, 1-bathroom residential rental units. All units are currently occupied by reliable long-term tenants, ensuring consistent cash flow and a hassle-free management experience. The residents enjoy the comfort and convenience of modern amenities, making it a highly desirable living space in the area. Not only does this property excel in the residential rental aspect, but it also boasts three flourishing commercial units. These commercial spaces are fully leased to thriving businesses, which guarantees a stable and attractive income stream. With diverse and established commercial tenants, this property showcases a solid and dependable investment opportunity. Fully Occupied: All residential and commercial units are currently occupied, eliminating any immediate concerns about vacancies. Long-Term Tenants: The presence of long-standing tenants ensures stability and demonstrates the appeal of this location to businesses and residents alike. High Net Operating Income: With an impressive Net Operating Income (NOI) of $94,371, this property delivers substantial profitability and a great return on investment. Don't miss this opportunity to own a well-performing commercial multi-use property with a blend of stable residential income and flourishing commercial ventures. Whether you're an experienced investor looking to expand your portfolio or a savvy entrepreneur seeking a reliable source of passive income, this property has everything you need and more!

MLS# 11932756Listed November 16, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1976
Lot Size20680

Location

CountyCook
Zip Code60465

Financial

List Price$1,099,000
Annual Taxes (2022)$20,984
Monthly Tax Est.$1,749
Parcel #23113050160000
Interior Features

Cooling

Central AirWall Sleeve
Utilities & Parking

Electric

Circuit Breakers
Tax & Financial
Annual Taxes
$20,984
Tax Year 2022
Monthly Tax Est.
$1,749
per month
Property Location

8632 103rd Street, Palos Hills, IL 60465Cook County

$1,099,000
8632 103rd Street
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
19 days on market
20680
$20,984/yr taxes
$7,524
estimated monthly payment
Principal & Interest
$5,776/mo
Property Tax
$1,749/mo
$1,099,000
20% — $219,800
3%50%
6.875%
3%12%
Loan Amount
$879,200
Down Payment
$219,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Realty One Group Excel
Agent: Paul Kempa
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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