14314 Beacon Ave
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14314 Beacon Ave
3,200 SF 100% Leased Retail Building Orland Park, IL 60462 £586,759 (£183/SF) 7.20% Net Initial Yield
Investment Highlights
- Heavy Auto Traffic
- Building Updated in 2019
- Turn Key Investment
Executive Summary
Turn-Key investment property is Old Orland Historic District! Located on the corner of 143rd Street & Beacon Ave is this 3 unit building! 2 Apartments and first floor retail space. All 3 units rent quickly & easily and all have current leases in place. This building was bought in 2019 and since has been completely transformed. This building has a perfect mix of being updated while still maintaining the charm of an older building. The 2 bedroom apartment rents for $1900. The 1 bedroom apartment rents for $1500. The first floor retail space rents for approximately $3000. There is a 2 car detached garage that is currently used for storage. There is also a beautiful patio that is used by the business for hosting events. Great visibility, traffic, and curb appeal! Plenty of parking for this building.
Financial Summary (Actual - 2023) 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 |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,200 SF
Building Class
C
Year Built
1873
Price
£586,759
Price Per SF
£183
Net Initial Yield
7.20%
NOI
£42,247
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.33
Lot Size
0.22 AC
Parking
12 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
62 ft on Beacon Ave
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £32,864 (2024) | |
| Land Assessment | £2,722 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £30,142 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,722 (2024)
Improvements Assessment
£30,142 (2024)
Total Assessment
£32,864 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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14314 Beacon Ave
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