14314 Beacon Avenue

Orland Park, IL 60462

$749,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turn-Key investment property is Old Orland Historic District! Located on the corner of 143rd Street & Beacon Ave is this 3 unit building! 2 Apartments and first floor retail space. All 3 units rent quickly & easily and all have current leases in place. This building was bought in 2019 and since has been completely transformed. This building has a perfect mix of being updated while still maintaining the charm of an older building. The 2 bedroom apartment rents for $1900. The 1 bedroom apartment rents...Turn-Key investment property is Old Orland Historic District! Located on the corner of 143rd Street & Beacon Ave is this 3 unit building! 2 Apartments and first floor retail space. All 3 units rent quickly & easily and all have current leases in place. This building was bought in 2019 and since has been completely transformed. This building has a perfect mix of being updated while still maintaining the charm of an older building. The 2 bedroom apartment rents for $1900. The 1 bedroom apartment rents for $1500. The first floor retail space rents for approximately $3000. There is a 2 car detached garage that is currently used for storage. There is also a beautiful patio that is used by the business for hosting events. Great visibility, traffic, and curb appeal! Plenty of parking for this building.
  1. Listed by Michael Glenn • Village Realty, Inc.
  2. Listed by Michael Glenn • Village Realty, Inc.

Property Details for 14314 Beacon Avenue

Area
Orland Park
Township
Orland
Zoning
RTAIL

Location

Listing Courtesy of Village Realty, Inc.
Add your commute
LISTING UPDATED: 05/27/2024 12:07 AM

Property Details for 14314 Beacon Avenue

StatusActive
MLS #12061522
Days on Market29
Taxes$12,702 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1921
Lot Size0.09 AC / 4,075 SF
CountyCook County

Location

Listing Courtesy of Village Realty, Inc.
Add your commute

Building Information for 14314 Beacon Avenue

Stories-Residences3Year Built1921Lot Size0.09 AC / 4,075 SF

Payment Calculator

$5,151 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$1,059

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14314 Beacon Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
  • Open Parking Spaces: 8.0
Location and General Information
  • Geographic Locale: South Suburban,Southwest Suburban
  • Information: List Broker Must Accompany,No Sign on Property,After Hours Only
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 101 to 200 Amps
  • Flooring: Wood
  • # Of Washers: 2
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • Washer/Dryer Lsd: No
  • # Of Dryers: 2
  • # Of Dishwashers: 3
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Misc Outside: Courtyard,Enclosed Porch,Enclosed Stairs,Patio
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 4075 SQUARE FEET
  • Lot Size Square Feet: 4075.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding, Cedar
  • Fire Protection: Alarm Monitored,Alarm On Site
  • Building Area Total: 3200
  • # Of Offices: 0
  • Other SqFt: 1600
  • Retail SqFt: 1600
  • # Of Ranges: 3
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Retail
  • Public Document Count: 0
  • Photos Count: 47
Miscellaneous
  • Location: Mixed Use Area
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: $2,000.00
  • Fuel Expense: $2,000.00
  • Gross Income: $76,800.00
  • Gross Scheduled Income: $76,800.00
  • Insurance Expense: $3,000.00
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Net Operating Income Year: 2022
  • Total Monthly Income: 6400
  • Net Operating Income: $53,805.00
  • Operating Expense: $22,002.00
  • Other Expense: $1,300.00
  • Trash Expense: $500.00
  • Water Sewer Expense: $500.00

Property History for 14314 Beacon 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 14314 Beacon Avenue

Taxable ValueLand$6,112Additions$17,369Total$23,481
Tax Record2022$7,034 ($586 / month)
Home Facts
Lot Size4,075 SqFtStyleMulti-Family Res (5+ Units)Year Built1871CountyCOOKAPN27-09-207-010

Schools near 14314 Beacon Avenue

This home is within Orland School District 135.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Orland Park Elementary School
PublicPK to 2

High Point Elementary School
Public3 to 5

Orland Jr High School
Public6 to 8

Carl Sandburg High School
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.

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14314 Beacon Avenue is a mixed use property for sale in Orland Park, IL 60462. This property was listed for sale on May 20, 2024 by Village Realty, Inc., it's currently listed at $749,900. It has been on the market for a total of 29 days and was last sold on January 10, 2019. This listing's school districts are Orland School District 135, Cons Hsd 230 School District. Nearby schools include Orland Park Elementary School, High Point Elementary School and Orland Jr High School. 14314 Beacon Avenue is a 0-bed, 0-bath, mixed use property built in 1921.

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 Village Realty, Inc.

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. Based on information submitted to the MLS GRID as of 05/27/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.