7227 Roosevelt Road Forest Park, IL 60130

Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground level commercial spaces, ...along with five (5) exterior parking spaces. All units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartments feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include roof silver coat (2024), HVAC (2019-2024 five units replaced), copper plumbing (2016), and windows (2016). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers tenants easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away. Continue reading