1114 W HAWTHORNE ST, Arlington Heights, IL 60005
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1114 W HAWTHORNE ST, Arlington Heights, IL 60005
1114 W HAWTHORNE ST, Arlington Heights, IL 60005
1114 W HAWTHORNE ST, Arlington Heights, IL 60005
1114 W HAWTHORNE ST, Arlington Heights, IL 60005
Listed by Scott Millimanof Baird & Warner
Bought with George Medina of GMS Realty Group, LLC

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1114 W HAWTHORNE ST Arlington Heights, IL 60005

23,200 SqFt


Key Details

Sold Price -

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 23,200 sqft

MLS Listing ID 10612053

Sold Date -

Year Built 1968

Annual Tax Amount $38,890

Tax Year 2018

Lot Size 1.220 Acres

Lot Dimensions 316X168

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Crawl Space

Interior

Cooling Wall Sleeve

Fireplace Y

Exterior

Utilities Available Sewer Connected

View Y/N true

Roof Type Membrane,Rubber

Building

Foundation Concrete Perimeter

Water Municipal Water

Structure Type Brick,Block

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