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    FOR SALE
    Residential income homes

    Unknown, Northfield, IL 60093

    3,137 SF 0.06 ac lot Built 1940
    Individually Owned 4-yr Hold
    Property ID
    US28-0493999
    Property summary
    AI-generated overview

    This exceptional 3,137 square foot mixed-use building presents a unique investment opportunity in the desirable Northfield, IL area. Situated on Willow Road, this two-story property boasts excellent street visibility and convenient access to major roadways and interstates, including easy commutes to O'Hare Airport and downtown Chicago. The first floor offers a spacious, updated commercial space currently leased for $2,500 per month under a month-to-month agreement, including a dedicated storage room. This provides immediate income potential for the new owner. The second floor comprises a comfortable two-bedroom, one-bathroom apartment with additional office space, ideal for owner occupancy or as a separate rental unit. The property is located within the highly-regarded Northfield School District, encompassing Sunset Middlefork Primary and New Trier schools. One to two rear parking spaces are included. This property offers a rare blend of residential and commercial space, making it perfect for an owner-operator seeking to combine living and business operations or an investor looking for a strong rental income stream in a prime Northwest suburban location. The building is in excellent condition and benefits from its proximity to major transportation arteries and highly-rated schools.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1940
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,137 SF
    Lot 0.06 ac (2,500 SF)
    APN 05-19-303-010
    UPID US28-0493999
    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
    • Ums of Il & Solutions Loan Service
    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
    by Request
    Owner & transaction history
    Jin Chul Choi · 4 yrs held
    Jin Chul Choi
    since 2022
    Last sale
    $450,000
    5 recorded transactions
    2022
    2013
    2012
    2009
    $450,000
    1997
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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