1700 7th Street,Winthrop Harbor, IL 60096
Winthrop Harbor, IL 60096
Description
100% LEASED INVESTMENT PROPERTY WITH GROUND FLOOR RETAIL SPACE WITH FOUR (1 BEDROOM, 1 BATHROOM) APARTMENTS UPSTAIRS. 5,000 SF building with a full basement and a history of high occupancy. Just one block east of Sheridan Rd on the only road to North Point Marina. 10% CAP rate at full asking price using actual 2024 operating income and expenses. Retail store (The Sweet Stop) pays rent and utilities while the separately metered all electric apartment bills are paid by the tenants. Building very well maintained with new blacktop to rear parking lot in 2019, replaced iron steps to rear second floor building entrance in 2021 and west wall brick corner replaced in 2023 and tuckpointed. Membrane roof about 11 - 12 years old and inspected last Fall. Large municipal parking lot just east of the property and there is additional street parking. Priced right for the savvy investor.
Details
| MLS# | 12299162 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1920 |
| Days On Site | 57 |
| Listing Provided By | RE/MAX Plaza | John Steele |
Features
| SQ Feet | 5,000 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Zoning | COMMR |
Market Activity 60096
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Winthrop Harbor |
| Zip Code | 60096 |
| Area | Winthrop Harbor |
| Listing VS Median (in 60096) | |
Price: $300,000 low | high Med: $299,500 SqFt: 5,000 low | high Med: 5,647 $ / SqFt: $60 low | high Med: $54 On site: 57 low | high Med: 132.000000 | |