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1114 Hawthorne Street, Arlington Heights, IL – $3,700,000

  • $3.7M Price
  • 23,200 Sqft
  • 1.22 Acres
  • $3.7M Price
  • 23,200 Sqft
  • 1.22 Acres

1114 Hawthorne Street

No fears here. The Covid-19 epidemic had almost no affect financially, with 90.4 % April full rent collect, and 100% May rent collected. PERFECT TURN KEY INVESTMENT. Four "California designed" buildings, each contains 8 units, laundry room and separate storage room. Tenants pay their own electricity ! Rare opportunity to own a great professional property managed Investment property. Outstanding location with walking distance to Arlington Park Metra Station (approx. 0.8 mile), Arlington Park Race Track (approx. 0.7) or the new $17 million dollar Arlington Heights Park District building(approx. 0.6 mile) that includes gymnasium, basketball courts, running/walk track, swimming pools, fitness center which is to be completed by 2020. The properties have higher income potential since the current monthly rents are below the local market. The buyer(s) will have great cash flow from day one. No HOA. Many recent updates include new paved parking lot and drive(2017), several new hot water heaters replaced (2018-2019 and 2020), majority of apartments completely remodeled including new S/S kitchen appliances, new LED exterior lighting fixtures, security camera's.

Essential Information

  • MLS® #10612053
  • Price$3,700,000
  • Square Footage23,200
  • Acres1.22
  • Year Built1968
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusActive

Community Information

  • Address1114 Hawthorne Street
  • AreaArlington Heights
  • CityArlington Heights
  • CountyCook
  • StateIL
  • Zip Code60005

Amenities

  • Parking Spaces44

Amenities

Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready, Other

Utilities

Sanitary Sewer to Site, Water-Municipal

Interior

  • CoolingWall Sleeve
  • Stories2

Heating

Central Bldg Heat, Gas, Hot Water, Baseboard

Exterior

  • ExteriorBrick
  • RoofFlat, Pitched
  • ConstructionBrick, Concrete Block
  • FoundationConcrete

Additional Information

  • ZoningMULTI

Listing Details

  • OfficeBaird & Warner
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Price Change History for 1114 Hawthorne Street, Arlington Heights, IL (MLS® #10612053)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $3,900,000 to $3,700,000 $200,000 (5.13%)
Status Changed from New to Active

Baird & Warner.

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Listing information last updated on June 6th, 2020 at 12:21pm CDT.