7227-7233 Roosevelt Road

The Village of Forest Park is bordered by River Forest, Oak Park, Maywood, Berwyn, North Riverside, and Broadview, and is a west suburb of Chicago. This bustling town is an urban setting just 10 miles west of downtown Chicago that consists of numerous, restaurants, diners, pubs, parks and shops. Named “The best in neighborhood dining” according to a Chicago Tribune readers poll, the 14,000 residents of this village can’t go wrong spending a night out in the downtown area. 7227-7233 Roosevelt Road boasts an exceptional Forest Park location close to numerous parks and schools. The Property is surrounded by a host of retail options and within a short walk to the CTA Blue Line elevated station at Harlem. Also, within minutes are the CTA Green Line, UP-W Metra station, and the Eisenhower Expressway. Resident have numerous options to access downtown Chicago and the western suburbs. Additionally, the Property is a short distance from major medical employers Rush Oak Park Hospital, Loyola University Medical Center, and Hines VA Hospital, making it an ideal rental location for employees looking for a short commute.Essex312, Inc. has been exclusively engaged to market for sale 7227-7233 Roosevelt Road, a nine-unit mixed-use property located in the near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground-level commercial spaces, along with five (5) exterior parking spaces. All commercial and apartment units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartment units feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Per the enclosed rental survey, a new owner will have the opportunity to raise current rents by 15-40% for apartment units, and over 16% for the commercial spaces "As-Is." 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers residents easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.