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    OFF-MARKET
    Residential income homes

    8847 Ogden Ave, Brookfield, IL 60513-2177

    4,482 SF 0.11 ac lot Built 1920
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US28-1979138
    Property summary
    AI-generated overview

    This meticulously maintained 4,482 sq ft brick building in Brookfield, IL, sits on a prominent corner of historic Route 66. Built in 1920, it boasts a blend of commercial and residential space. The ground floor features a 1,250 sq ft hair salon, fully remodeled in 2015 with new flooring, lighting, HVAC, and electrical. Currently leased until April 2025, with the tenant expressing interest in renewal. The upper level includes a two-bedroom residential apartment occupied by the owner, featuring a living room, dining room, kitchen with oak cabinets and laminate countertops, a full bath, and laundry room. Additional living space above the salon includes a living room, kitchenette, and a 3/4 bath. A 630 sq ft unfinished space above the garage offers expansion potential, accessible via an enclosed rear porch. An attached heated six-car garage with 220 electrical service provides further income potential. Recent upgrades include new windows (two years ago), storefront window upgrades (2023), and tuckpointing (two years ago). A large, unfinished basement offers ample storage. This property presents a unique investment opportunity with stable rental income and significant expansion possibilities. The owner's retirement and out-of-state relocation create a compelling opportunity for a new owner.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1920
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,482 SF
    Lot 0.11 ac (4,664 SF)
    APN 18-03-221-010
    UPID US28-1979138
    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
    Current use
    Occupant on record · Public records
    • VEME-hair & makeup salon Hair Salon
    • Eva Hair Salon Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Francisco Gallardo · 10 yrs held
    Francisco Gallardo
    since 2015
    3 recorded transactions
    2015
    $225,000
    2010
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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