1030 Sterling Street

FLOSSMOOR, IL 60422

$1,325,000

MLS# 09694077


Description

The subject properties consist of two fully leased mixed-use buildings. The property located at 1036 Sterling Avenue is a 3,000 SF two-story, masonry constructed mixed use building with one commercial unit and one residential dwelling. The building was built in 1927 and has been fully modernized. The 1030 Sterling Ave property is a 10,250 SF one and part two-story, masonry constructed mixed use building containing five commercial units and four residential dwellings. The buildings have been very well maintained and offer a rich blend of tudor style architectural details. These are ideal investment properties for an investor looking for a long-term hold in an irreplaceable location. Both properties benefit from the favorable Cook County mixed-use tax classification in which the properties are assessed at 10% of market value versus 25% for commercial buildings. This favorable tax treatment provides a competitive market rental rate advantage over the competition.
Listed:
07/18/17

This listing 1030 Sterling Street Flossmoor, Il 60422 is a mixed use listing on a lot of 9,875 sqft 1030 Sterling Street was built in 1927. 1030 Sterling Street is located in Flossmoor and in ZIP Code 60422. It has been listed on our site since Jul 18, 2017.

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Flossmoor

Community Overview The roots of Flossmoor , Illinois run deep through American history.  In 1891, the Illinois Central Railroad purchased 160 acres of land west of the rail line and north of Flossmoor Road. In the late 1890's the ICG decided to sell the property for development and sponsored a contest to select a name for the Village.  "Floss Moor", a Scotch name meaning "dew on the heather" and gentle rolling countryside" was selected and approved by the U.S. Post Office.  Prompted by members of the newly-formed Flossmoor Country Club, the ICG built a Flossmoor train station shortly thereafter. Flossmoor was first recognized as an affluent community in the 1920s, when it became known as a cultural and recreational mecca of...

Flossmoor

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