712 E Kensington Road, Arlington Heights, IL
$ 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


  • 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

AVG $1.08M
AVG $6,058
AVG 327
Data Provided by Inside Real Estate®
AVG 86
Data Provided by Walkscore® not using MLS data