1939 S Mannheim Road
Westchester, IL 60154

Status: Sold
Mixed Use
0 beds
0 baths
6,500 sq.ft
Listing Price: $750,000
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About this home

Calling all investors for this OUTSTANDING OPPORTUNITY! Mixed use strip mall with a residential condo above one of the five retail units. All units are rented and bring in a CAP RATE of above 9%! The brick building is approx. 7000sq. ft. and divided into 5 retail spaces that have sprinklers and separate electric meters. This strip mall is on the east side of Manheim Road just north of Cermak. The owners live in the 2 bedroom, 2 bath condo and will stay renting if the new owners will rent to her.

Property details

Property / Lot Details
Approximate Age Older
Number Of Apts 1
BuildingAreaTotal 6500
Lot Dimensions 115 X105
Fire Protection Ansul System, Sprinklers
FrontageType City Street, Public Road
LotSizeSquareFeet 12000
Other SqFt 1500
Retail SqFt 5500
Number Of Ranges 1
PropertySubType Mixed Use
Property Type Mixed Use
NumberOfUnitsTotal 6
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major Westchester
Zoning Type OTHER
Directions Manheim rd North of Cermak on the east side of Manheim. State Farm office
Electricity Separate Meters, Service - 201 to 600 Amps
Geographic Locale Southwest Suburban
Location Central Business District, Corner, Mixed Use Area, High Traffic Area
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1954
ConstructionMaterials Brick, Concrete, Block
Docks None, Drive-in Doors, Service Entrance
Exterior Building Type Brick
Foundation Concrete Perimeter
Misc Outside Sun Deck,Other
Indoor Parking 1-5 Spaces
Outdoor Parking 19-30 Spaces
Roof Structure Flat
MRD Virtual Tour None
Interior Features
Number Of Dryers 1
Number Of Dishwashers 1
Flooring Concrete
Heat/Ventilation Central Heat/Indiv Controls, Forced Air
Misc Inside Multi-Tenant
Number Of Refrigs 1
Stories 2
Utilities Electric to Site, Gas to Site
Washer/Dryer Lsd Yes
Number Of Washers 1

Financials

ElectricExpense 150
Known Encumbrances None Known
Financing Conventional
Fuel Expense $150
Gross Rental Income $90,240
Gross Rent Multiplier 8.31
Insurance Expense $150
Scavenger Expense $150
Total Monthly Income 7520
Investment Profile Commercial Sale
Water Expense $150

Tax/Assessments/Liens

Multiple Pin Numbers Yes
PIN 15213130150000
Taxes $1,339
Tax Year 2022
$750,000 Listing Price:
MLS # 12100285
Investment Profile Commercial Sale
Listing Market Time 86 days
Basement
List Date 07/03/2024
Year Built 1954
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