Description
Get ready to cash flow on day one of ownership! 7227-7233 Roosevelt Road is a fully occupied nine-unit mixed-use property located in the prime 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 commercial and apartment 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 apartment units 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 copper plumbing (2016), roof silver coat (2024), windows (2016), HVAC units (2019-2024 for five units). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents 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.
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School Ratings & Info
Description
Get ready to cash flow on day one of ownership! 7227-7233 Roosevelt Road is a fully occupied nine-unit mixed-use property located in the prime 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 commercial and apartment 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 apartment units 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 copper plumbing (2016), roof silver coat (2024), windows (2016), HVAC units (2019-2024 for five units). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents 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.
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