710 East Kensington Road

Arlington Heights, IL 60004

$925,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully rented Mixed-Use Building in a Prime Location! Two-story, 4,800 sq ft. above ground property on an ~10,000 sq ft. lot. The building is fully occupied and strategically positioned amidst new developments in the thriving area. 1st Floor has two commercial units, each spanning ~1,200+ sq.ft, with a combined area of 2,600 sq.ft. Undergone a comprehensive renovation in 2019, replaced HVAC systems, A/C units, water heaters, and more. The units are individually metered for gas and electric utilities,...Fully rented Mixed-Use Building in a Prime Location! Two-story, 4,800 sq ft. above ground property on an ~10,000 sq ft. lot. The building is fully occupied and strategically positioned amidst new developments in the thriving area. 1st Floor has two commercial units, each spanning ~1,200+ sq.ft, with a combined area of 2,600 sq.ft. Undergone a comprehensive renovation in 2019, replaced HVAC systems, A/C units, water heaters, and more. The units are individually metered for gas and electric utilities, facilitating efficient management. 2nd Floor- upstairs has two fully leased 3-bedroom apartments. Individually metered for gas and electric services. This property includes a full basement with a potential for additional lower-level space or storage. Dedicated private parking area for 6-8 cars for tenants and customers. Additional free parking is available on South Hickory Avenue. Situated at the highly sought-after intersection of Kensington Road and Hickory Avenue, just behind Mariano's grocery store, this property is adjacent to the new Arlington Market subdivision. The neighborhood is witnessing a surge in development, including multi-family residential units and upcoming condominiums on Hickory Ave, indicating a promising and rapidly evolving locale. Taxes are being appealed. Please refrain from disturbing the tenants. This property is broker-owned and offers easy access to NW Highway. Seller financing available.
  1. Listed by Andrew Nazimok • Entrust Realty Group, LLC

Property Details for 710 East Kensington Road

Area
Arlington Heights
Zoning
COMMR

Location

Listing Courtesy of Entrust Realty Group, LLC
Add your commute
LISTING UPDATED: 04/06/2024 12:06 AM

Property Details for 710 East Kensington Road

StatusActive
MLS #12017095
Days on Market60
Taxes$16,874 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built-
Lot Size0.23 AC / 10,000 SF
CountyCook County

Location

Listing Courtesy of Entrust Realty Group, LLC
Add your commute

Building Information for 710 East Kensington Road

Stories-Residences4Year Built-Lot Size0.23 AC / 10,000 SF

Payment Calculator

$6,454 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$1,406

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 710 East Kensington Road

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces,6-12 Spaces
  • Open Parking Spaces: 8.0
Location and General Information
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Separate Meters, Service - 0 to 100 Amps, Service - 101 to 200 Amps
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: Older
  • Lot Dimensions: 0000
  • Lot Size Square Feet: 10000.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Fire Protection: Other
  • Building Area Total: 6288
  • # Of Offices: 2
  • # Of Stores: 0
Property and Assessments
  • Buyer Financing: Conventional, Negotiable
  • Public Document Count: 0
  • Photos Count: 16
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $66,000.00
  • Gross Scheduled Income: $66,000.00
  • Insurance Expense: $2,200.00
  • Total Monthly Income: 5500
  • Net Operating Income: $41,724.00
  • Operating Expense: $24,275.00
  • Other Expense: $1,200.00
  • Trash Expense: $2,000.00
  • Water Sewer Expense: $2,000.00

Property History for 710 East Kensington Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 710 East Kensington Road

Taxable ValueLand$10,125Additions$53,875Total$64,000
Tax Record2022$16,874 ($1,406 / month)
Home Facts
Baths4.5Total Finished SqFt6,288 SqFtAbove Grade Finished SqFt6,288 SqFtStories2Lot Size10,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN03-29-409-017Fireplace TypeHas Fireplace

Schools near 710 East Kensington Road

This home is within Arlington Heights School District 25.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Windsor Elementary School
PublicK to 5

South Middle School
Public6 to 8

Prospect High School
Public9 to 12

Vanguard 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.

Neighborhood Map and Transit

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710 East Kensington Road is a mixed use property for sale in Arlington Heights, IL 60004. This property was listed for sale on March 31, 2024 by Entrust Realty Group, LLC, it's currently listed at $925,000. It has been on the market for a total of 60 days and was last sold on May 14, 2018. This listing's school districts are Arlington Heights School District 25, Township Hsd 214 School District. Nearby schools include Windsor Elementary School, South Middle School and Prospect High School. 710 East Kensington Road is a 0-bed, 0-bath, mixed use property.

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 Entrust Realty Group, LLC

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 04/06/2024 12:06 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.