Mixed-Use Portfolio with
For Sale
$4,900,000
7701-7757 W Lawrence Avenue, Norridge, IL 60706
Three-building property combines apartments, ground-floor retail, and on-site parking.
Property Size47,792 SF
Days on Market1195
Property Features for 7701-7757 W Lawrence Avenue
General Information
Standard status
Active
Size
47,792 SF
Property subtype
Commercial
Zoning
RTAIL
Units
Unit Mix
8 x two-bedroom, 8 x one-bedroom
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$129,298
Building Details
Building Size
47,792 SF
Year Built
1960
Buildings
3
Stories
2
Units
25
Tenancy
Multi
Listing Agency:
RE/MAX Suburban
(847) 367-8686
Listed By:
Jason Bitton · License #475170841
(847) 367-8686
Source:
Midwestrealestate
Added: May 23, 2023
Changed: Aug 29
Last Checked: Aug 29 at 11:08AM
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 RE/MAX Suburban
Investment Insights
Based on property information with market context.
This three-building mixed-use portfolio at 7701-7757 W Lawrence Avenue includes 16 apartments, consisting of eight two-bedroom units and eight one-bedroom units, along with eight ground-floor retail units. The property was built in 1960 and carries RTAIL zoning.
A separate freestanding retail building contributes 21,000 square feet, including a 15,000-square-foot main floor and a 6,000-square-foot basement with racking-height ceilings. Ample on-site parking serves the portfolio. The property is located in the Village of Norridge, Illinois, with a 60706 ZIP code.
A separate freestanding retail building contributes 21,000 square feet, including a 15,000-square-foot main floor and a 6,000-square-foot basement with racking-height ceilings. Ample on-site parking serves the portfolio. The property is located in the Village of Norridge, Illinois, with a 60706 ZIP code.
Key Highlights
- 16 apartments: 8 two‑bedroom units and 8 one‑bedroom units
- 8 ground‑floor retail units
- 21,000 SF freestanding retail building
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 60706, IL
24,327
Population
9,720
Households
2.5
Avg Household Size
45
Median Age
30%
College-Educated
87%
High-School Grad
3.1 sq mi
ZIP Area
7,847
Density / Sq Mi
$85,000
Median Household Income
$48,602
Median Earnings
$1,242
Median Rent
$347,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building property combines apartments, ground-floor retail, and on-site parking.
Where is this mixed-use property located?
The property is located at 7701-7757 W Lawrence Avenue Norridge, IL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 16 apartments: 8 two‑bedroom units and 8 one‑bedroom units; 8 ground‑floor retail units; 21,000 SF freestanding retail building
