listing
1 of 0
Residential Income
$1,075,000
712 E Kensington Road
Arlington Heights, IL 60004
Courtesy of Entrust Realty Group, LLC
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID
6Beds
4Baths
Est. Mortgage
$5,649/mo

Luxury Mixed-Use Property: Secure Your Future in a Thriving Location! SELLER FINANCING AVAILABLE. Welcome to 710-712 Kensington, a prestigious and income-producing gem that promises both immediate returns and long-term growth potential. Situated on a sprawling ~10,000 square foot lot, this impressive two-story, 4,800 square foot mixed-use building presents a remarkable investment opportunity you won't want to miss. Discover the epitome of sophistication as you explore this magnificent property. -- The second floor boasts two fully rented, beautifully appointed 3-bedroom apartments, offering tenants a luxurious and comfortable living experience. -- On the first floor, you'll find two meticulously remodeled offices/retail spaces that are fully leased, catering to ambitious businesses seeking a prime location to flourish. Prepare to be captivated as you step into the completely remodeled first floor, featuring a host of upgrades including a brand new furnace and A/C system installed in 2019. This modern and inviting space spans approximately 1,200+ square feet per commercial unit, with a combined area of 2,600 square feet. Each unit has been thoughtfully designed for ultimate flexibility, allowing businesses to thrive in an environment perfectly tailored to their needs. Plus, the convenience of individual gas and electric meters ensures seamless management and accurate utility billing. Need extra space for storage or expansion? Look no further. The property boasts a full basement, providing ample room for storage or the creation of additional lower-level offices. Additionally, a dedicated private rear parking area awaits, accommodating approximately 6-8 cars and light trucks, ensuring utmost convenience for tenants and visitors alike. For even more parking options, the surrounding South Hickory Avenue offers plentiful free parking spaces. Indulge in the pride of ownership as you behold the meticulously renovated interior and exterior of this prestigious building. Nestled in a highly sought-after location on Kensington Road and Hickory Avenue, this property enjoys the enviable position directly behind Mariano's grocery store. This vibrant neighborhood is on the brink of transformation, with the new Arlington Market subdivision and upcoming residential condos on Hickory Ave promising immense value and growth potential. To maintain the privacy of our valued tenants, all showings must be scheduled through our dedicated listing broker. Rest assured, this property is broker-owned, guaranteeing a smooth and professional transaction process from start to finish. With easy access to NW Highway, commuting and transportation are a breeze, making this property an even more attractive investment opportunity. Don't miss your chance to secure your financial future in this prestigious mixed-use property. Schedule a showing today and witness firsthand the immense potential and undeniable allure it offers. Act swiftly to make this remarkable investment opportunity yours, and reap the rewards of this prime location and income-generating property.

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Based on information submitted to the MLS GRID as of 06/22/2024 10:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

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