9046 31st Street

Brookfield, Illinois 60513

A + value add opportunity for this robustly built concrete and steal building. Solid and never before made available for sale mixed use building in the Brookfield neighborhood in proximity to vast amounts of homes and residents. Long time owners (since the 60's) utilized the building to run their own pharmacy and profit from the very rentable apartment units on the top floor and the adjacent doctor's office. The primary storefront, which was last occupied long term by an antique shop paying $2,100 (gross), totals just over 3,000 square feet. The adjacent medical office, currently leased month to month long term a long term pediatrist, is just under 1,000 square feet and rents for $750. The residential apartments on the upper level, all on leases, are comprised of a 3 bed 1 bath, 2 bed 1 bath, and 2 bed 1 bath paying $1,100, $665, and $725 respectively. Coin op laundry. This one is waiting for either an owner occupant who can run their business at the ground level and take advantage of the opportunity to build equity and enjoy cash flow OR a savvy armchair investor who can revive this property and significantly increase the cash flow through improvements and high quality tenants and creative utilization of the basement space. ALL rents are far below market. Apartment comps convey a red hot residential rental market likely due to close proximity to downtown La Grange, the I-90 for easy access to the city, the metro train, and much, much more. Property consists of 3 separate PIN numbers. In Additional documents, see PRO FORMA estimates by broker. ** Fun fact - this fortress is the only certified bomb shelter in Brookfield - A Total bunker ** 4 gas meters (1 for common areas and 3 for the apartments), 5 electric meters (one for each unit, larger storefront paid common electric), and 4 hot water tanks. Residential tenants pay gas, electric, and heat. Main boiler heats up entire first floor and paid by owner. All window unit, no central AC. Roof worked on within last 10 years and estimated to have at least another 7 years or so. Windows recently painted, but might be good to update within next few years. Electrical for main level all redone. ** Property being sold As-Is Where Is**