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551 Hyde Park Ave 16,943 SF Flex Building Hillside, IL 60162 $699,900 ($41.31/SF)
INVESTMENT HIGHLIGHTS
- 2024 Property Taxes Successfully Appealed
- Tenant has lease rights till 12/31/2025 - Paying $9k/mo Gross
EXECUTIVE SUMMARY
Approx. 12ksf warehouse building in M-1 (light industrial) section of Hillside. Great access to all of Chicagoland. 14-20 ft clear span ceiling height (barrel roof in main part of warehouse). 1 depressed dock and one 16 ft OHD. Large outdoor yard space of approximately 6,000sf. Approximately 600sf of office with mezzanine break area with kitchenette. Warehouse bathrooms, one with shower, and private executive office with private bathroom. Hot water heating system for warehouse and window AC for office. Leased at $9k per month until 12/31/2025. South half of barrel roof recently redone. 2024 taxes successfully appealed. **Just taped and 12,248 under roof (approx. 600sf of which is office).
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 15-08-422-037-0000 | Total Assessment | $167,500 |
| Land Assessment | $37,544 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $129,956 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-08-422-037-0000
Land Assessment
$37,544
Improvements Assessment
$129,956
Total Assessment
$167,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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551 Hyde Park Ave
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