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1700 7th Street, Winthrop Harbor, IL 60096

1700 7th Street, Winthrop Harbor, IL 60096
100% LEASED INVESTMENT PROPERTY WITH GROUND FLOOR RETAIL SPACE WITH FOUR (1 BEDROOM, 1 BATHROOM) APARTMENTS UPSTAIRS. 5,000 SF building with a full basement and a history of high occupancy. Just one block east of Sheridan Rd on the only road to North Point Marina. 10% CAP rate at full asking price using actual 2024 operating income and expenses. Retail store (The Sweet Stop) pays rent and utilities while the separately metered all electric apartment bills are paid by the tenants. Building very well maintained with new blacktop to rear parking lot in 2019, replaced iron steps to rear second floor building entrance in 2021 and west wall brick corner replaced in 2023 and tuckpointed. Membrane roof about 11 - 12 years old and inspected last Fall. Large municipal parking lot just east of the property and there is additional street parking. Priced right for the savvy investor.
Sqft5000
Year Built1920

Porperty Highlights

  • Price $300,000
  • Property Size 5000 Sqft
  • Property ID 12299162
  • Property Status Active Under Contract
  • Year Built 1920
  • Garage Size x x
  • Property Type Apts/Stores, Commercial Sale
  • Cooling Wall Sleeve
  • County Lake
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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gallery

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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Inquiry For This Property

1700 7th Street, Winthrop Harbor, IL 60096

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