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1510 Northwest Highway, ARLINGTON HEIGHTS, IL – $1,100,000

  • $1.1M Price
  • 7,416 Sqft
  • .33 Acres
  • $1.1M Price
  • 7,416 Sqft
  • .33 Acres

1510 Northwest Highway

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!

Essential Information

  • MLS® #10417355
  • Price$1,100,000
  • Square Footage7,416
  • Acres0.33
  • Year Built1970
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusActive

Community Information

  • Address1510 Northwest Highway
  • AreaArlington Heights
  • CityARLINGTON HEIGHTS
  • CountyCook
  • StateIL
  • Zip Code60004

Amenities

  • Parking Spaces12

Amenities

Curbs and Gutters, Sidewalks, Cable Ready

Utilities

Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal, Other

Interior

  • Has BasementYes
  • Stories2

Heating

Central Bldg Heat, Central Heat/Indiv Controls, Forced Air, Gas, Hot Water, Separate Per Unit

Cooling

Central Air, Central Individual, Partial, Window Unit/s, Zoned

Exterior

  • ExteriorBrick
  • Lot DescriptionCorner, Public Transport Avail
  • RoofGable
  • ConstructionBrick, Concrete, Steel
  • FoundationConcrete

Additional Information

  • ZoningMULTI

Listing Details

  • Office@properties
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Price Change History for 1510 Northwest Highway, ARLINGTON HEIGHTS, IL (MLS® #10417355)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,150,000 to $1,100,000 $50,000 (4.35%)
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Show More (2)

@properties.

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Listing information last updated on October 16th, 2019 at 2:20am CDT.