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    FOR SALE
    Residential income homes

    8828 Ogden Ave, Brookfield, IL 60513

    4,100 SF 0.12 ac lot Built 1927
    Individually Owned 22-yr Hold
    Property ID
    US28-1704592
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 8828 Ogden Avenue in Brookfield, Illinois presents a fantastic investment opportunity. The 3,660 square foot building boasts a substantial 2,000 square foot retail space at the front, ideal for a variety of businesses. At the rear, two apartments or office spaces totaling 1,660 square feet offer versatile usage options, perfect for a live-work arrangement or rental income. The property includes convenient parking for four vehicles. Recent significant improvements have enhanced the building's appeal, including a completely new faГ§ade and retail storefront glass. This meticulously maintained building is currently owner-occupied, contributing to lower property taxes. Its prime location, just half a mile from downtown Brookfield and the Brookfield Metra station, ensures high visibility and accessibility. This unique combination of retail and residential space, coupled with its strategic location and recent upgrades, makes this property an exceptional investment prospect with significant potential for return. The building's excellent condition and functional layout offer immediate occupancy and income generation possibilities. The property is offered at $675,000.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1927
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,100 SF
    Lot 0.12 ac (5,075 SF)
    APN 18-03-214-036
    UPID US28-1704592
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Dutra Bianchini · 22 yrs held
    Dutra Bianchini
    since 2004
    4 recorded transactions
    2004
    1999
    $135,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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