Address
712 E Kensington Road, Arlington Heights, IL
Price
$ 1,075,000
Property Attributes
- MLS#11781900
- TypeMulti-Family
- CountyCOOK
- CityArlington Heights
- AreaArlington Heights
- Zip60004
- Style
- Taxes$ 6058
- Price$ 1,075,000
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms2
- Sqr Footage4800
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Luxury Mixed-Use Property: Secure Your Future in a Thriving Location! SELLER FINANCING AVAILABLE. Welcome to 710-712 Kensington, a prestigious and income-producing gem that promises both immediate returns and long-term growth potential. Situated on a sprawling ~10,000 square foot lot, this impressive two-story, 4,800 square foot mixed-use building presents a remarkable investment opportunity you won't want to miss. Discover the epitome of sophistication as you explore this magnificent property. -- The second floor boasts two fully rented, beautifully appointed 3-bedroom apartments, offering tenants a luxurious and comfortable living experience. -- On the first floor, you'll find two meticulously remodeled offices/retail spaces that are fully leased, catering to ambitious businesses seeking a prime location to flourish. Prepare to be captivated as you step into the completely remodeled first floor, featuring a host of upgrades including a brand new furnace and A/C system installed in 2019. This modern and inviting space spans approximately 1,200+ square feet per commercial unit, with a combined area of 2,600 square feet. Each unit has been thoughtfully designed for ultimate flexibility, allowing businesses to thrive in an environment perfectly tailored to their needs. Plus, the convenience of individual gas and electric meters ensures seamless management and accurate utility billing. Need extra space for storage or expansion? Look no further. The property boasts a full basement, providing ample room for storage or the creation of additional lower-level offices. Additionally, a dedicated private rear parking area awaits, accommodating approximately 6-8 cars and light trucks, ensuring utmost convenience for tenants and visitors alike. For even more parking options, the surrounding South Hickory Avenue offers plentiful free parking spaces. Indulge in the pride of ownership as you behold the meticulously renovated interior and exterior of this prestigious building. Nestled in a highly sought-after location on Kensington Road and Hickory Avenue, this property enjoys the enviable position directly behind Mariano's grocery store. This vibrant neighborhood is on the brink of transformation, with the new Arlington Market subdivision and upcoming residential condos on Hickory Ave promising immense value and growth potential. To maintain the privacy of our valued tenants, all showings must be scheduled through our dedicated listing broker. Rest assured, this property is broker-owned, guaranteeing a smooth and professional transaction process from start to finish. With easy access to NW Highway, commuting and transportation are a breeze, making this property an even more attractive investment opportunity. Don't miss your chance to secure your financial future in this prestigious mixed-use property. Schedule a showing today and witness firsthand the immense potential and undeniable allure it offers. Act swiftly to make this remarkable investment opportunity yours, and reap the rewards of this prime location and income-generating property.
| Price History | |
|---|---|
| 5/12/2023 | Listed $1,300,000 |
| 6/17/2023 | 12% - $1,150,000 |
| 8/2/2023 | 7% - $1,075,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| City | Arlington Heights |
| County | Cook |
| Days on Market | 186 |
| Directions | Kensington Rd & Hickory Ave |
| Elementary School District | 25 |
| Gross Income | 58800 |
| Heating | Natural Gas |
| High School District | 214 |
| MLS Area | Arlington Heights |
| Middle/Junior School District | 25 |
| Net Operating Income | 46800 |
| New Construction | No |
| Percent Ownership | Fee Simple |
| Possession | Closing, Immediate |
| Property Type | Two to Four Units |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Kensington |
| Tax Annual Amount | 6058.01 |
| Tax Year | 2021 |
| Total Rooms | 8 |
| Township | Wheeling |
| Trash Expense | 200 |
| Water Sewer Expense | 200 |
| Waterfront Y/N | No |
Interior Features
| Basement | Partial |
|---|---|
| Basement | Unfinished |
| Bedrooms Possible | 6 |
| Full Baths Building | 2 |
| Half Baths Building | 2 |
| Street Suffix | Road |
| Total Baths | 4 |
| Total Bedrooms | 6 |
| Total Number of Units | 4 |
Exterior Features
| Exterior | Brick |
|---|---|
| Lot Dimensions | 0000 |
| Total Parking | 6 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60004
Price
Taxes
Visits
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Schaumburg may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved.Based on information submitted to the MLS GRID as of December 4, 2023 11:48 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of December 4, 2023 11:48 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
