5100 127Th St Alsip, IL 60803
- Residential income homes
- 9,896 SF
- 0.32 lot acres
Current Use by Public Records
- American Heritage Protective Services, Inc. / Security Service / Security Guard Service
Property Details for 5100 127Th St
- Year built
- 2001
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 9,896 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 24-28-400-070
- APU
- 2428400070
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alsip
- County
- Cook
- State
- Illinois
- Longitude
- -87.7438
- Latitude
- 41.6619
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
