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    OFF-MARKET
    Residential income homes

    901 Rdg Rd, Wilmette, IL 60091-1559

    2,400 SF 0.15 ac lot Built 1889
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-1531658
    Property summary
    AI-generated overview

    This exceptional 5,600-square-foot mixed-use building at 901 Ridge Road, Wilmette, IL, presents a rare investment opportunity. Situated on a 6,600-square-foot lot with NR zoning, this two-story building boasts a classic faГ§ade and high ceilings. The property enjoys unparalleled visibility and high traffic counts, with 17,500 vehicles daily on Lake Avenue and 6,700 on Ridge Road. The ground floor features two retail storefronts: a vacant 1,600+ square-foot medical clinic (suitable for various retail or professional uses) and a long-term tenant hair salon/barbershop. The second floor comprises a two-bedroom, one-bathroom apartment and two fully rented offices. An additional three-bedroom, one-bathroom apartment with a den is located in the attic. The building generates $5,010 in monthly rental income (excluding the vacant clinic). Amenities include five electric meters, an eight-space rear parking lot, a recently replaced roof, and a basement for storage. Conveniently located near the Wilmette Metra train, Pace bus stops, and the Edens Expressway. The property includes 903 Ridge Road but excludes 905 Ridge Road. Serious offers will be considered.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1889
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,400 SF
    Lot 0.15 ac (6,600 SF)
    APN 05-28-317-015
    UPID US28-1531658
    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
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    by Request
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    Owner & transaction history
    Bo Yang · 3 yrs held
    Bo Yang
    since 2023
    7 recorded transactions
    2023
    2021
    2013
    $560,000
    2000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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