4425 South Harlem Avenue, an 11-unit mixed-use building located in Stickney, Illinois. The property consists of (6) 1-bed/1-bath units and (5) office suites. The offices are occupied by local service-oriented businesses. The apartment units feature individual water heaters, HVAC systems and rooftop A/C units. One unit has been gut renovated with in-unit washer and dryer, dishwasher, vinyl plank flooring, granite countertops, white shaker cabinets, stainless steel appliances and a new bathroom. The remaining units contain carpet and tile flooring, laminate countertops, and white kitchen cabinets. Residential tenants are responsible for their own heat and electricity. Recent capital improvements include a new tear-off roof, gutters, soffits, facia, HVAC systems, exterior staircases, and parking lot. Building amenities include master key entry, common area bathrooms, a pylon sign and 14 parking spaces. New ownership can increase cashflow by bringing rents to market (as-is: $200-$300, renovated: $500-$600), implementing a utility bill billing system (RUBS) for the office tenants and appealing the 2023 zoning back to a mixed-use classification (2022 zoning: 3-18 Mixed-use, 2023 zoning: 5-17 One story commercial). The property is situated along Harlem Avenue, one of the village’s main thoroughfares, providing convenient access to I-290, I-55 and Summit and Harlem Avenue Metra stations. Tenants are in close proximity to the Ottawa Trail Woods, Forest View Park District, Home Elementary School, Stickney-Forest View Library, and numerous Pace bus stops along Harlem Avenue. The village of Stickney is located approximately eight miles west of Chicago’s Loop and approximately three miles north of Midway International Airport.
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