Address
1510 E Northwest Highway, Arlington Heights, IL
Price
$ 1,699,999
Property Attributes
- MLS#11988392
- TypeContingent
- CountyCOOK
- CityArlington Heights
- AreaArlington Heights
- NeighborhoodDowntown
- Zip60004
- Style
- Year Built1970
- Taxes$ 23442
- Price$ 1,699,999
- Bedrooms12
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Location, location, location. Rare Arlington Heights 6 Flat Investment Opportunity. The only one in the area of single-family houses. Schools: Windsor/South (District 25) & Prospect HS (District 214) Great Cash Flow Opportunity or Condo Conversion. All Brick Building & Fully Renovated Exterior. Attached 3 car garage Heated (Separate Furnace) All-Brick Garage (2016) Roof (2019) & 400 Amp Service (2016) Windows (2014) Boiler (2009) and 3 Independent HVAC units completely refurbished in 2021 and 2022 year. Parking for 12 cars 3 Indoor Heated Garage & 9 outdoor spaces. Great opportunity to Increase Cash Flow by market rate, huge potential, perfect place for luxury apartments.
| Price History | |
|---|---|
| 3/7/2024 | Listed $1,699,999 |
General Features
| Cooling | Central Air,Central Individual,Partial,Window Unit(s),Zoned |
|---|---|
| Utilities | Sanitary Sewer,Sewer-Storm Available,Water-Municipal,Other |
| Roof | Composition |
| Construction Materials | Brick,Concrete,Steel Siding |
| Year Built | 1970 |
| Electric | Circuit Breakers,Separate Meters,Service - 201 to 600 Amps |
| Tenant Pays | Air Conditioning,Electricity,Heat,Varies by Tenant |
| Stories | 2 |
| Tax Year | 2022 |
| Gross Income | 140040 |
| County | Cook |
| Net Operating Income | 131338 |
| Operating Expense | 11102 |
| Insurance Expense | 4200 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Status | Contingent |
| Directions | Northwest Hwy E of Arlington Heights Rd (adjacent to Stonegate subdivision) on Frontage Rd |
| City | Arlington Heights |
| Total Units | 6 |
| MLS Area | Arlington Heights |
| Street Name | Northwest |
| Tax Annual Amount | 23442.5 |
| Electric Expense | 567 |
| Fuel Expense | 2990 |
| Trash Expense | 1445 |
| Water Sewer Expense | 1900 |
| Additional Parcels Y/N | No |
| Days on Market | 6 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Highway |
|---|---|
| Basement | Partially Finished,Exterior Access |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 100 X 300 |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60004
Price
Taxes
Visits
Year Built
