Sold

7319 W. North Avenue River Forest, Illinois 60305

Sold
Description
The subject property is a fully lease, 3,600 SF medical office complex in River Forest, Illinois. It features an approx. $72,000 annual NOI and a 17 space parking lot.
Property Highlights
  • Fully-leased medical office building in River Forest
  • Investment opportunity with approx. $72,000 annual NOI
  • 7.25% CAP Rate
  • Roof and mechanical system updates, including four (4) brand new HVAC systems in 2015
  • Great visibility on retail stretch of North Avenue
Property Specifications
Building Size +3,600 Sq. Ft.
Land Size +8,850 Sq. Ft.
Divisible Two (2) 1,800 Sq. Ft. Units
Parking 17 Spaces
Zoning C1 (River Forest)
2014 Taxes $20,300 ($5.64 PSF)
Sale Price $995,000
Property Location