Property profile

1656 Willow Rd Northfield, IL 60093

OFF-MARKET
Residential income homes
Property ID
US28-1135016
4,500 SF 0.06 ac lot Built 1938
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 1654-1656 Willow Road in Northfield, Illinois, presents a compelling investment opportunity. The 3,525 square foot building boasts a vacant street-level retail space/office, ideal for owner-occupancy or lease. Upstairs, a two-bedroom, one-bathroom apartment provides additional income potential. The property includes a 50x100 foot parking lot offering 75 feet of frontage on Willow Road, ensuring excellent visibility and accessibility. Its prime location is within a block of an interstate, providing easy access to O'Hare Airport, downtown Chicago, and major roadways. The Village Center zoning allows for diverse uses. This is a remarkable opportunity for both owner-users and developers. Two adjacent buildings are also available for purchase, expanding the potential land area to 12,500 square feet with 125 feet of frontage. The asking price is $895,000, translating to $253.90 per square foot. A drive-thru option is already in place. Further details on zoning regulations can be found at the provided link: [https://northfield.municipalcodeonline.com/book?type=ordinances#name=APPENDIX_B_SUBDIVISIONS](https://northfield.municipalcodeonline.com/book?type=ordinances#name=APPENDIX_B_SUBDIVISIONS). The property's zip code is 60093, located in Cook County.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1938
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,500 SF
Lot 0.06 ac (2,500 SF)
APN 05-19-303-007
UPID US28-1135016

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1656 Willow Rd Northfield, IL 60093-3436
Northfield metro Census 800800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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