Skip To Content

1030 Sterling Avenue

Flossmoor, IL 60422
  • $2,050,000
  • STATUS: Active
  • ON SITE: 188 Days
  • MLS #: 12127481
Price Reduced
$2,050,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1934
County:
Area:

School Ratings & Info

Description

Two mixed-use properties for sale in t he heart of Flossmoor's central business district. The large corner clock tower building (1030-1032 Sterling) has 5 retail tenants and 4 very desireable apartments - all fully rented and pay their own electric and gas. Heat is suppied by the owner. There are 3 separate basements in the corner building - 1 houses the electric meters and boiler for all 4 apartments and 3 of the retail units. 2 retail tenants have central heat and AC. The 2nd basement has 2 coin operated washers and 2 dryers with additional room for storage. 3rd basement is currently rented out to the restaurant across the street for storage. The 2nd mixed use building (1036 Sterling) offers (1} 1700 SF retail unit and 1 large 2-bedroom apartment, with in-unit laundry and 2 car detached garage (currently rented on a MTM basis), and is currently available for an owner/user to occupy. 1036 Retail unit has central heat and AC and the apartment has hot water radiators and window AC units. Both units pay all utilities, including water. These buildings offer a prime location across from the commuters metra station, an award winning micro brewery, restaurants & boutique shops. This is a very special property for your most very special investors!

Monthly Payment Calculator



© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-14T00:02:29.04 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.suburbanliferealty.com/homes/153520748
Print Image

1030 Sterling Avenue Flossmoor, IL 60422

  • Price: $2,050,000
  • Status: Active
  • On Site: 188 Days
  • MLS #: 12127481
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1934
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Two mixed-use properties for sale in t he heart of Flossmoor's central business district. The large corner clock tower building (1030-1032 Sterling) has 5 retail tenants and 4 very desireable apartments - all fully rented and pay their own electric and gas. Heat is suppied by the owner. There are 3 separate basements in the corner building - 1 houses the electric meters and boiler for all 4 apartments and 3 of the retail units. 2 retail tenants have central heat and AC. The 2nd basement has 2 coin operated washers and 2 dryers with additional room for storage. 3rd basement is currently rented out to the restaurant across the street for storage. The 2nd mixed use building (1036 Sterling) offers (1} 1700 SF retail unit and 1 large 2-bedroom apartment, with in-unit laundry and 2 car detached garage (currently rented on a MTM basis), and is currently available for an owner/user to occupy. 1036 Retail unit has central heat and AC and the apartment has hot water radiators and window AC units. Both units pay all utilities, including water. These buildings offer a prime location across from the commuters metra station, an award winning micro brewery, restaurants & boutique shops. This is a very special property for your most very special investors!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 1-5 SpacesAssigned SpacesLightedPavedPublic Lot

Interior Features

Cooling Window Unit(s) Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsForced AirGasHot WaterRadiators Miscellaneous Inside Multi-TenantPrivate Restroom/sBasement Number Of Dryers 2 Number Of Ranges 4 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age New Rehab Building Area Total 10110 Built Before1978 YN Yes Current Use Commercial Electric Circuit BreakersSeparate Meters Fire Protection Fire Extinguisher/sCarbon Monoxide Detector(s) Geographic Locale South Suburban Gross Income 263067 Gross Scheduled Income 263067 Insurance Expense 9800 Location Central Business DistrictCornerMixed Use Area Mls Actual Status Price Change Net Operating Income 175553 Number Of Tenants 9 Operating Expense 78514 Ownership Types Limited Liability Corp Possible Use CommercialOfficeMulti-FamilyRetailOther Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 42552 Tax Year 2023 Tenant Pays Varies by Tenant Total Monthly Income 21922 Township Rich Type Mixed Use Utilities Electric to SiteGas to SiteWater-Municipal Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Preferred Rlty: 708-798-1111.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-14T00:02:29.04 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12127481-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12127481-1.jpg
Logo
Suburban Life Realty
350 Sundown Rd.
South Elgin IL, 60177