Investment Overview

Marcus & Millichap is pleased to present 4425 South Harlem Avenue, an 11-unit mixed-use property located in Stickney, Illinois. The village of Stickney is located approximately eight miles west of Chicago’s Loop and approximately three miles north of Midway International Airport. The subject property is situated along Harlem Avenue, one of the village’s main thoroughfares, providing convenient access to Interstates 290 and 55 and Summit and Harlem Avenue Metra stations. Tenants are within walking distance to the Ottawa Trail Woods, Forest View Park District, Home Elementary School, Stickney-Forest View Library, and numerous Pace bus stops along Harlem Avenue. The flexicore-constructed property consists of six one-bedroom / one-bathroom units, four office suites and a warehouse flex space. The offices are occupied by local service-oriented businesses and the warehouse flex space is currently operating as the owner’s management office. The apartment units feature individual water heaters, HVAC systems and rooftop A/C units. One unit has been gut renovated with in-unit laundry, dishwasher, vinyl plank flooring, granite countertops, white shaker cabinets, stainless steel appliances and a new bathroom. The remaining units contain carpet and tile flooring, laminate countertops, and white kitchen cabinets. Residential tenants are responsible for their own heat and electricity. Recent capital improvements include a new tear-off roof, gutters, soffits, facia, HVAC systems, exterior staircases, and fire sprinkler system. Building amenities include master key entry, common area bathrooms, pylon sign and 14 parking spaces. This opportunity offers a new investor or owner-user the ability to acquire a well-maintained, mixed-use asset located along a high visibility Harlem Avenue location. New ownership can increase cashflow by bringing rents to market through continued unit renovations, implementing a ratio utility billing system (RUBS) for the office tenants and appealing the 2023 zoning back to a mixed-use classification.