Palos Hills, IL 60465,8632 W 103rd ST
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Palos Hills, IL 60465,8632 W 103rd ST
Palos Hills, IL 60465,8632 W 103rd ST
Palos Hills, IL 60465,8632 W 103rd ST
Palos Hills, IL 60465,8632 W 103rd ST

$975,000

Est. payment /mo

$1,099,000

11.3%
Est.Price: ?

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8632 W 103rd ST Palos Hills, IL 60465

SOLD DATE : 02/28/2024

Key Details

Sold Price $975,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11932756

Sold Date 02/28/24

Year Built 1976

Annual Tax Amount $20,984

Tax Year 2022

Lot Dimensions 20680

Property Description

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!

Location

State IL

County Cook

Area Palos Hills

Zoning MULTI

Interior

Cooling Central Air, Wall Sleeve

Fireplace N

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Paul Kempa • Realty One Group Excel
Bought with Faraz Mota • USA Realty Group Inc
agent

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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