Schiller Park IL Real Estate & Commercial for Sale

Rarely available, this well-maintained 12-unit apartment building offers the ideal combination of stable income, desirable tenant mix, and multiple revenue streams. The property consists of a balanced selection of one- and two-bedroom apartments across two adjoining buildings, ensuring consistent rental demand and long-term tenant stability. In addition to strong rental income, ownership is enhanced by twenty parking spaces and on-site laundry facilities, both generating extra revenue. With a current annual gross income of $200,568 and a NOI of $148,695, the building produces a solid 7.08 cap rate at the $2.1M asking price. This makes it not only a strong stand-alone investment but also an excellent candidate for a 1031 exchange. The property benefits from a highly accessible suburban location with close proximity to O'Hare International Airport, I-294, and I-90. Tenants enjoy the convenience of being near retail centers, restaurants, schools, and public transportation, while directly across the street is a community park offering green space, sports fields, and recreational amenities. This attractive setting further supports tenant retention and strong rental demand. With low operating expenses relative to income and the potential for professional management, this is a turnkey investment opportunity that offers immediate cash flow, steady returns, and room for future rent growth in a desirable, commuter-friendly location.

This all brick Multi-family 6-unit investment property in Schiller Park offers a fantastic opportunity for potential buyers. With a mix of (3) 2 bedroom/1 bathroom units and (3) 1 bedroom/1 bathroom units, along with (6) parking spaces, this property is well-suited for both investors and renters. All ground unites have vinyl flooring, all above grade units have oak wood flooring. The property has been maintained by its long-term owners, with recent improvements easy access to a variety of retail options, restaurants, bars, bike trails, O'Hare Airport, forest preserve, and shops, all just minutes away. Additionally, the property's proximity to Interstate I-90 and the Rosemont Blue Line CTA station, both less than a mile away, enhances the convenience and desirability of this investment opportunity.

Bar, Club Lounge for sale in "Hot Schiller Park" Close to O'Hare Airport The space has been remodeled, Has TVs for sports viewing inside and out side. There is Parking and a great location.