116 South Prospect Avenue

Park Ridge, IL 60068

$1,299,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased...Unique Value add property available for sale. The building is composed of ground floor space, a lower level, as well as a second floor with a dedicated elevator. The sale comes with the plans to convert the second floor into a massive luxury apartment overlooking uptown. The first floor and lower level are ready to be leased. Recently signed a new lease to a national retailer for a portion of the ground floor, immediately adding value to the property. Buildout construction to begin on newly leased space. Please contact for any information on rental income and spaces available.
  1. Listed by Alexis Ramirez • Troy Realty Ltd
  2. Listed by Stephen Cioromski • Troy Realty Ltd

Property Details for 116 South Prospect Avenue

Area
Park Ridge
Zoning
COMMR

Location

Listing Courtesy of Troy Realty Ltd
Add your commute
LISTING UPDATED: 04/23/2024 12:07 AM

Property Details for 116 South Prospect Avenue

StatusActive
MLS #12032146
Days on Market15
Taxes$35,922 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1938
Lot Size0.16 AC / 7,000 SF
CountyCook County

Location

Listing Courtesy of Troy Realty Ltd
Add your commute

Building Information for 116 South Prospect Avenue

Stories-Residences3Year Built1938Lot Size0.16 AC / 7,000 SF

Payment Calculator

$10,083 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$2,994

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 South Prospect Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 4.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Northwest Suburban
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Water Drainage: Other
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Taxes, Insurance, Repairs
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: .26
  • Lot Size Square Feet: 7000.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Other
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 8330
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 5
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 116 South Prospect Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 South Prospect Avenue

Taxable ValueLand$33,600Additions$104,527Total$138,127
Tax Record2022$35,922 ($2,993 / month)
Home Facts
Lot Size7,000 SqFtStyleSchoolYear Built1935CountyCOOKAPN09-35-203-023

Schools near 116 South Prospect Avenue

This home is within Maine Township Hsd 207 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Theodore Roosevelt Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Maine South High School
Public9 to 12

Ralph J Frost Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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116 South Prospect Avenue is a mixed use property for sale in Park Ridge, IL 60068. This property was listed for sale on April 17, 2024 by Troy Realty Ltd, it's currently listed at $1,299,000. This listing's school districts are Maine Township Hsd 207 School District, Park Ridge Community Consolidated School District 64. Nearby schools include Theodore Roosevelt Elementary School, Lincoln Middle School and Maine South High School. 116 South Prospect Avenue is a 0-bed, 0-bath, mixed use property built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Troy Realty Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.