1621 Ogden Ave
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1621 Ogden Ave
6,936 SF 100% Leased Office Building Lisle, IL 60532 £985,995 (£142/SF) 8.55% Net Initial Yield
Investment Highlights
- 7 unit building zoned Mixed Use that sits right on Ogden Avenue.
- The first floor Office is 1,250 square feet which includes a private bathroom, 2 private offices, and an additional 1,250 square foot flex space.
- Each apartment has a storage unit in the basement, laundry is coin operated with a shared washer and dryer on premises.
- Property is within walking distance to downtown Lisle restaurants, shops, and the train station.
- Upper level consists of six fully occupied 1 bedroom 1 bathroom apartment units that have recently been renovated.
- Fire Prevention System, Boiler, and Hot Water Heater have been recently updated.
Executive Summary
Great investment opportunity! This 7 unit building zoned MIXED USE sits right on Ogden Ave, just minutes from 355 and 88. Walking distance to downtown Lisle restaurants, shops, and the train station. The first floor Office is 1,250 square feet which includes a private bathroom, 2 private offices, and an additional 1,250 square foot flex space. 100% occupancy of the 6, 1 bed, 1 bathroom apartments. Apartments have been recently renovated. Each apartment has a storage unit in the basement, laundry is coin operated with a shared washer and dryer on premises. Electric is metered to each unit. Fire Prevention System, Boiler, and Hot Water Heater have been recently updated.
Financial Summary (Actual - 2022) 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 - 2022) 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
Sale Condition
Sale & Leaseback
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,936 SF
Building Class
B
Year Built
1957
Price
£985,995
Price Per SF
£142
Net Initial Yield
8.55%
NOI
£84,255
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,350 SF
Building FAR
0.56
Lot Size
0.28 AC
Zoning
B-2 - Neighborhood Mixed-Use
Parking
20 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 08-10-104-001 | Total Assessment | £173,245 (2023) |
| Land Assessment | £62,870 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £110,375 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
08-10-104-001
Land Assessment
£62,870 (2023)
Improvements Assessment
£110,375 (2023)
Total Assessment
£173,245 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
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1621 Ogden Ave
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