Property for Sale: 7227 Roosevelt, Forest Park, IL 60130

$995,000
$995,000
7227 Roosevelt, Forest Park, IL 60130
$995,000
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Price:
$995,000
$55,000 - 11/08/2024

Type Commercial
Year Built 1924

City Forest Park
County Cook

MLS 12150092
Status Active
Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground level commercial spaces, along with five (5) exterior parking spaces. All units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartments feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include roof silver coat (2024), HVAC (2019-2024 five units replaced), copper plumbing (2016), and windows (2016). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers tenants easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.

Lot & Building Features

Cooling Central Individual
Tax Year 2023
Lot Dimensions 8000 ft

Price History of 7227 Roosevelt, Forest Park, IL

Date Name Price Difference
11/08/2024 Price Adjustment $995,000 5.24%
12/31/1969 Listing Price $1,050,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Essex 312, LLC, Ryan Blake
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6.75%
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7227 Roosevelt (MLS #12150092) is a commercial listing located in Forest Park, IL. This property was listed on 08/28/2024 and has been priced for sale at $995,000.

Nearby zip codes are 60016, 60302, 60304, 60305 and 60402. This property neighbors other cities such as Berwyn, Des Plaines, North Riverside, Oak Park and River Forest.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Essex 312, LLC