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7701-7757 W Lawrence Ave
Norridge, IL 60706

$4,900,000 USD

Storefront Retail Residential For Sale  •  48,401 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 48,401 SF
  • Lot Size 1.93 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 7.19 %
  • Tenancy Multiple
  • Zoning B-2, Norridge
0 Transit Score
69 Walk Score

Highlights

16 Apartments
8 Retail Commercial Units
21,000 SF Single tenant stand alone building
Long term tenants with very attractive rental rates
100% Leased with the option for 21k SF owner occupant
Stable income from fully leased 16 apartment units and 8 commercial retail units.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $352,498 USD (2023)
Cap Rate: 7.19 %
Total Expenses: $185,582 USD

Major Tenants

Tenant SF Occupied Lease End Date
ABC Deli 936 SF
Al Air Inc 1,872 SF
Allegretti's Bakery 2,174 SF
Automatic Appliance Parts Corp 21,000 SF
Coral Reef Pet Center 2,808 SF
Headlines Hair Salon Ltd 936 SF
Roppolo Appraisal Co 624 SF
Strictly R/C 936 SF
Volpe, Rosemary Dpm 936 SF

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Monument Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Norwood Park Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 3.1 mi
Gladstone Park Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 3.5 mi
AirportDriveWalkDistance
Chicago O'Hare International 11 min - 6.0 mi
Chicago Midway International 30 min - 16.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 126
Type: Surface
Included in Rent: Yes
Jason Bitton 847-858-2909 Remax Commercial
Jason Bitton 847-858-2909 Remax Commercial