4425 Harlem Avenue, Stickney, IL 60402

4425 South Harlem Avenue, an 11-unit mixed-use property in Stickney, Illinois. The flexicore-constructed property consists of (6) 1-bed/1-bath units, (4) office suites and a warehouse flex space. Offices are occupied by local service-oriented businesses and the warehouse flex space is currently operating as the owner’s management office. Apartment units feature individual water heaters, HVAC systems and rooftop A/C units. One unit has been gut renovated with condo quality finishes and in-unit laundry. The remaining units contain carpet and tile flooring, laminate countertops, and white kitchen cabinets. Residential tenants are responsible for their own heat and electric. Recent capital improvements include a new tear-off roof, gutters, soffits, facia, HVAC systems, exterior staircases, and fire sprinkler system. Building amenities include master key entry, common area bathrooms, pylon sign and 14 parking spaces. The property is situated along Harlem Avenue, one of the village’s main thoroughfares, providing convenient access to I-290, I-55 and Summit and Harlem Avenue Metra stations. Tenants are within walking distance to the Ottawa Trail Woods, Forest View Park District, Home Elementary School, Stickney-Forest View Library, and numerous Pace bus stops along Harlem Avenue. The village of Stickney is located approximately eight miles west of Chicago’s Loop and approximately three miles north of Midway International Airport. New ownership can increase cashflow by bringing rents to market through continued unit renovations and implementing a ratio utility billing system (RUBS) for the commercial tenants. Additionally, the building was incorrectly rezoned as a One-story commercial building (5-17), new ownership could further benefit from reduced taxes by appealing the zoning back to a mixed-use classification.