1510 Northwest Highway, Arlington Heights, 60004

REDUCED 4% REDUCED 4% $1,100,000 - Multi Family 5+ For Sale


MLS® #: 10417355

Rare Arlington Heights 6 Flat Investment Opportunity close to Downtown in Sought after Windsor/South (District 25) & Prospect HS (District 214) Schools. Five Long-Term Tenants (between 10 & 25 years each). Great Cash Flow Opportunity or Condo Conversion. All Leases Expire March 31, 2020. All Brick Building & Fully Renovated Exterior. Attached 3 Car Heated (Separate Furnace) All-Brick Garage (2016), Roof (2019), & 400 Amp Service (2016). 2 Newer Converted Units (2016). Other Recent Updates include Windows (2014), Boiler (2009), and 3 Independent HVAC units (2018/19). Parking for 12; 3 Indoor Heated Garage & 9 Outdoor Spaces. Great Opportunity to Increase Cash Flow by Market Rate and/or Further Updating Units. $67K Cash Flow, 11.7 Gross Rental Multiplier & 6.1 Cap Rate. R-6 Multiple Family Dwelling. Pride of Ownership. Call now for a Private Showing!

Additional Information: This property is located in the Arlington Heights neighborhood, IL. This bedrooms multi family 5+ property is priced at $148.3/sqft.

Price & Status History

Date Details
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,150,000 to $1,100,000
Status Changed from Price Change to Active
Show More (3)

Essential Information

MLS® #: 10417355
Price: $1,100,000
Taxes: $18,441
Square Footage: 7,416
Acres: 0.33
Year Built: 1970
Type: Commercial
Sub-Type: Multi Family 5+
Status: Contingent

Community Information

Address: 1510 Northwest Highway
Area: Arlington Heights
City: Arlington Heights
County: Cook
State: IL
Zip Code: 60004


Amenities: Curbs and Gutters, Sidewalks, Cable Ready
Utilities: Sanitary Sewer to Site, Water-Municipal, Sewer-Storm Available, Other
Parking Spaces: 12


Heating: Central Heat/Indiv Controls, Forced Air, Gas, Central Bldg Heat, Hot Water, Separate Per Unit
Cooling: Central Air, Central Individual, Partial, Window Unit/s, Zoned
Has Basement: Yes
Stories: 2


Exterior: Brick
Lot Description: Corner, Public Transport Avail
Roof: Gable
Construction: Steel, Brick, Concrete
Foundation: Concrete

Additional Information

Zoning: MULTI

Listing Details

Listing Office: @properties


$/SqFt: $148

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Listing information last updated on November 12th, 2019 at 9:51am CST.