1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 1 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 2 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 3 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 4 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 5 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 6 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 7 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 8 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 9 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 10 1700 Sheridan Road, NORTH CHICAGO IL 60064 Photo 11
Listing Courtesy of 33 Realty

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1700 Sheridan Road - Updated, mixed use asset. 12 residential units, 3 ground floor retail and a parking lot to the south of the asset with 18 parking spots. Residential unit mix comprised of studio, 1, 2, and 3 bed apartments. Recent updates include: Updated electrical - 800 amp service, Updated copper plumbing, Tuck pointing, Individual furnaces, New windows, Unit rehabs with new kitchens and baths. Great investment with in place cash flow and rehabbed residential units with an add value opportunity through lease up of the vacant retail. SOLD AS IS.

Listing information

  • MLS® ID: 09150253
  • Status: Active
  • New Construction: No
  • County: Lake
  • Style: Mixed Use
  • Stories: 3
  • Foreclosure: No
  • Year Built: 1950
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $25,813

Features

Air Conditioning None
Approximate Age New Rehab
Built Before 1978 (Y/N) Yes
Electrical Service Over 600 Amps
Exterior Building Type Brick
Franchisor Feed(y/n) No
Fuel Expense Source Combination
Geographic Locale North Suburban
Heat/Ventilation Central Heat/Indiv Controls, Forced Air, Gas
Information 48-Hr Notice Required, REO/Lender Owned
Other # Of Apts - 12, # Of Offices - 0, # Of Units - 15, Electricity Expense - 408, Fuel Expense - 0, Gross Rent Multiplier - 7, Gross Rental Income $ - 10758, Insurance Expense - 4500, Net Oper Income $ - 49580, Other Expenses - 19000, Scavenger Expense - 1440, Tax Year - 2014, Total Annual Exp - 58000, Total Annual Income - 107580, Total Monthly Income - 8965, Township - Waukegan, Water Expense - 3540, Zoning Type - Other
Outdoor Parking 13-18 Spaces
Property Type Mixed Use
Tenant Pays Air Conditioning, Electric, Heat, Varies by Tenant
Listing Courtesy of 33 Realty