5100 127Th StAlsip, IL 60803

Property Details for 5100 127Th St

Year built

2001

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

9,896 SF

Property type

Residential income properties

Property subtype

Residential income homes

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.

Location Insight

City

Alsip

County

Cook

State

Illinois

Latitude

41.6619

Longitude

-87.7438

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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