Closed

1510 E Northwest Highway

Arlington Heights, Illinois 60004


David Schwabe
847.636.6747

Request More Info

$1,000,000


Square Footage
7,416


Property Type
Multiple Family
Neighborhood
Arlington Heights


Rare Arlington Heights 6 Flat Investment Opportunity close to Downtown in Sought after Windsor/South (District 25) & Prospect HS (District 214) Schools. Five Long-Term Tenants (between 10 & 25 years each). Great Cash Flow Opportunity or Condo Conversion. All Leases Expire March 31, 2020. All Brick Building & Fully Renovated Exterior. Attached 3 Car Heated (Separate Furnace) All-Brick Garage (2016), Roof (2019), & 400 Amp Service (2016). 2 Newer Converted Units (2016). Other Recent Updates include Windows (2014), Boiler (2009), and 3 Independent HVAC units (2018/19). Parking for 12; 3 Indoor Heated Garage & 9 Outdoor Spaces. Great Opportunity to Increase Cash Flow by Market Rate and/or Further Updating Units. $67K Cash Flow, 11.7 Gross Rental Multiplier & 6.1 Cap Rate. R-6 Multiple Family Dwelling. Pride of Ownership. Call now for a Private Showing!



Full Features
Exterior Type: Brick
Basement: Partially Finished,Exterior Access,Bathroom Rough-In
Pool: No
Square Feet: 7,416
Tax Amount: $18,441
Built: 1970
Parking Spaces: 12
Cooling System: Central Air,Central Individual,Partial,Window Unit/s,Zoned
Stories: 2
Roof: Shingle Composition
Current Use: Residential-Multi-Family
Potential Use: Condominium, Residential-Multi-Family
Zoning: MULTI
Building Square Feet: 7,416
Current Net Income: $67,303
Unit 1: 8 room(s) / 2 bed(s) / 2 bath(s)
Unit 2: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 4: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 5: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 6: 5 room(s) / 2 bed(s) / 1 bath(s)
School District(s): Arlington Heights SD 25, Township HSD 214


Taxes & Assessments
Taxes: $18,441


Arlington Heights photo


Arlington Heights

With all the amenities and conveniences you would expect to find in larger urban settings, Arlington Heights gives most cities a run for their money. Located 25 miles northwest of Chicago, the community has a vibrant downtown area, theaters, restaurants,…

Learn More

Nearby Public Transportation

Metra
Union Pacific Northwest

at Arlington Heights Metra (1.16 miles away)






1510 E Northwest Highway Arlington Heights, Illinois 60004 is a multiple family which sold for $1,000,000. This multiple family has been listed on @properties since June 14th, 2019 and was built in 1970. Nearby schools include Windsor Elementary School, South Middle School, Prospect High School. The nearest transit stops include Union Pacific Northwest Arlington Heights Metra. Want to learn more about 1510 E Northwest Highway Arlington Heights, Illinois 60004? Contact an @properties agent to request more info.