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5801 N Northwest HwyChicago, IL 60631
5801 N. Northwest Highway
Asset ClassMultifamily, Mixed Use, Retail, Office
# Units7
Jefferson Park Mixed-Use Building | 6 Apartments + Commercial Space
overview of deal

Overview

33 Realty's pleased to present for sale 5801 N. Northwest Highway in Chicago, IL 60631. Completed in 1991, this approximately 9,000 SF mixed use building contains co-working type office space (former real estate office) and a successful day care operation on the first floor with 5 one bedroom/one bathroom apartments on the second floor. There's a 6th apartment in the basement. The site includes a large 8,250 SF parcel with a spacious rear yard and rear parking for 5 vehicles. The property generats multiple income streams via the month to month rental of individual desks to tenants, in addition to the first floor day care center and the 2nd floor apartments.  5801 N. Northwest Highway presents a tremendous opportunity to add value by bringing rents to market value for either a pure investor or as an owner user for the first floor commercial space.

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Investment Highlights

  • Mixed Use Commercial + Retail + Multi-Family
  • 6 One Bedroom/One Bathroom Apartments
  • 1991 Construction
  • Tremendous Value Add Potential
  • Only Blocks from Norwood Park & Gladstone Park Metra Stops
  • 6 Individual Gas Forced Air Furnaces
  • In Place Cash Flow
  • Pitched Roof Replaced in 2014
  • Minutes from I-90
  • On Site Laundry
  • Below Market Apartment Rents
  • Tenant Storage
  • Copper Plumbing & Electric Throughout
  • 6 Hot Water Tanks and 10 Condensers
  • Parking for 5 Vehicles
  • Bus Stop in Front of the Building
  • Co-Working Space
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5801 N Northwest HwyChicago, IL 60631

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