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5100 127Th St Alsip, IL 60803

Sponsored
For Sale
$2,150,000

Mixed-use investment, high NOI, 6.76% cap rate

Property size:
9,962 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional Class A mixed-use property in Alsip, Illinois, presents a compelling investment opportunity. The 9,962 square foot building boasts a fully leased status with a strong 6.76% cap rate and a substantial net operating income (NOI) of $145,317 in 2024. The property features approximately 6,354 square feet of main floor office space, meticulously finished with a Class A build-out, and three apartments on the second floor totaling approximately 3,608 square feet (one 2-bedroom and two 1-bedroom units). The building benefits from prominent monument signage and ample parking with 14 spaces. Its strategic location adjacent to the Cicero Avenue/I-294 four-way interchange ensures high visibility and accessibility. The property sits on a sizable 13,752 square foot lot, offering potential for future expansion. The current leases are absolute NNN, with four tenants under a multi-tenant agreement, expiring January 31, 2027. This stabilized investment offers a rare combination of strong income, prime location, and significant upside potential. The mixed-use nature of the property results in lower taxes compared to solely commercial properties.

Property Features for 5100 127Th St

General Information

Property type
Multifamily properties
Square Feet
9,962 SF
Class
A

Building Details

Buildings
1
Stories
2
Units
4

HighLights

  • Fully leased Class A mixed‑use investment property in Alsip, IL, offering a 6.76% cap rate.
  • Approximately 6,354 square feet of main floor office space with a Class A build‑out.
  • Second floor contains three apartments totaling approximately 3,608 square feet (one 2‑bedroom and two 1‑bedroom units).
  • Features monument signage and 14 parking spaces.
  • Excellent location adjacent to the Cicero Avenue/I‑294 interchange.
Property Profile Location Intelligence

Current Use by Public Records

American Heritage Protective ... Security Service

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Alsip
County
Cook
State
Illinois
Longitude
-87.743622195876
Latitude
41.661587488794

FAQs

What type of property is this?
Multifamily property - Mixed-use investment, high NOI, 6.76% cap rate
Where is this multifamily property located?
The property is located at 5100 127Th St Alsip, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Fully leased Class A mixed-use investment property in Alsip, IL, offering a 6.76% cap rate.; Approximately 6,354 square feet of main floor office space with a Class A build-out.; Second floor contains three apartments totaling approximately 3,608 square feet (one 2-bedroom and two 1-bedroom units).
More about this property
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