Homes for sale - 12339 S Harlem Avenue, Palos Heights, IL 60463

Serene Realty, Inc

Real Estate Broker

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Listed by Linda Schaverof @properties Christie's International Real Estate
Bought with Robert Petrich of Boardwalk Commercial Real Estate Corporation

$ 470,000

$ 510,000 7.8%

Est. payment | -/mo

5,010 SqFt

$ 470,000

$ 510,000 7.8%

Est. payment | -/mo

5,010 SqFt

Key Details

Sold Price $470,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 5,010 sqft

Price per Sqft $93

MLS Listing ID 11688125

Sold Date 07/26/25

Year Built 1950

Annual Tax Amount $37,720

Tax Year 2023

Lot Dimensions 60 X 222

Property Sub-Type Retail/Stores

Property Description

Prime Investment Opportunity in Palos Heights Business District This well-maintained retail property consists of three fully leased storefronts in the heart of the Palos Heights Business District, offering excellent visibility and accessibility. The building benefits from dual frontage with convenient parking on both Harlem Avenue and 71st Court. Key features include: Fully Leased Units: Reliable rental income with long-term tenants. Separate Utilities: Each unit has independent heating and air conditioning, separately metered for tenant-paid gas and electric. Recent Upgrades: A new roof was installed in January 2021, backed by a transferable 20-year warranty. Generous Space: Over 5,000 sq. ft. of total rental space. Current Lease Details: 12339 - 1,350 sq. ft., leased at $2,040/month (expires 10/31/26). 12341 - 1,350 sq. ft., leased at $1,894/month (expires 3/31/27). 12343 - 2,300 sq. ft., leased at $1,840/month (expires 9/30/25). Operating Expenses: Insurance: $3,100/year Water/Sewer: $4,380/year Disposal: $1,344/year With tenants covering gas and electric, this low-maintenance investment offers strong cash flow potential in a thriving commercial corridor. Don't miss this exceptional opportunity-contact us today for more details!

Location

State IL

County Cook

Zoning RTAIL

Interior

Cooling Central Individual

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

View Y/N true

Roof Type Membrane,Reflective Coating,Rubber

Building

Foundation Concrete Perimeter

Water Municipal Water

Structure Type Brick,Block

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

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12339 S Harlem Avenue Palos Heights, IL 60463

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12339 S Harlem Avenue

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