Mixed-Use Income
For Sale
Contact for pricing
1030 & 1036 Sterling Avenue, Flossmoor, IL 60422
Two fully leased mixed-use buildings with commercial and residential units, including a 1927 masonry property fully modernized.
Property SizeContact for details
Days on Market131
Property Features for 1030 & 1036 Sterling Avenue
General Information
Standard status
Active
Property subtype
Retail, Multifamily, Mixed Use
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Construction
masonry
Tenancy
Multi
Listing Agency:
SVN | Chicago Commercial
(312) 756-7357
Listed By:
Tim Rasmussen · License #IL 471001877
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 1:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
The offering includes two fully leased mixed-use buildings. At 1036 Sterling Avenue, the property is a 3,000 SF, two-story masonry building built in 1927, featuring one commercial unit and one residential dwelling; the building has been fully modernized. The brick garage at the rear of the 1036 Sterling property is not included in the sale. At 1030 Sterling Avenue, the building is a 10,250 SF one- and part two-story masonry mixed-use structure with five commercial units and four residential dwellings. Both buildings are described as very well maintained and feature Tudor style architectural details.
The properties are located in the Village of Flossmoor, Illinois, and are immediately across the street from the Metra Electric (ME) Flossmoor Station, in the heart of the community’s Central Business District. The remarks also note Flossmoor is home to nearly 10,000 individuals and is approximately 30 miles south of Chicago. Within a one-mile radius, the area includes approximately 4,000 households with an average annual household income of $116,721 and an average house value of $287,782.
The buildings benefit from favorable Cook County mixed-use tax classification, with assessments at 10% of market value versus 25% for commercial buildings, which the seller states supports a competitive market rental rate advantage compared to other options.
The properties are located in the Village of Flossmoor, Illinois, and are immediately across the street from the Metra Electric (ME) Flossmoor Station, in the heart of the community’s Central Business District. The remarks also note Flossmoor is home to nearly 10,000 individuals and is approximately 30 miles south of Chicago. Within a one-mile radius, the area includes approximately 4,000 households with an average annual household income of $116,721 and an average house value of $287,782.
The buildings benefit from favorable Cook County mixed-use tax classification, with assessments at 10% of market value versus 25% for commercial buildings, which the seller states supports a competitive market rental rate advantage compared to other options.
Key Highlights
- Two fully leased mixed‑use buildings in Flossmoor, IL at 1036 and 1030 Sterling Ave.
- 1036 Sterling Ave: 3,000 SF, two‑story masonry mixed‑use building (built 1927) with one commercial unit and one residential dwelling; fully modernized.
- 1030 Sterling Ave: 10,250 SF masonry mixed‑use building (part one- and part two‑story) with five commercial units and four residential dwellings.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 60422, IL
9,927
Population
3,894
Households
2.5
Avg Household Size
45
Median Age
67%
College-Educated
99%
High-School Grad
4.0 sq mi
ZIP Area
2,482
Density / Sq Mi
$134,728
Median Household Income
$80,123
Median Earnings
$2,191
Median Rent
$304,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two fully leased mixed-use buildings with commercial and residential units, including a 1927 masonry property fully modernized.
Where is this quadplex located?
The property is located at 1030 & 1036 Sterling Avenue Flossmoor, IL.
What are key features of this property?
This property features: Two fully leased mixed‑use buildings in Flossmoor, IL at 1036 and 1030 Sterling Ave.; 1036 Sterling Ave: 3,000 SF, two‑story masonry mixed‑use building (built 1927) with one commercial unit and one residential dwelling; fully modernized.; 1030 Sterling Ave: 10,250 SF masonry mixed‑use building (part one- and part two‑story) with five commercial units and four residential dwellings.
