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$470,000
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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!
Full Property Details
Full Property Details for 12339 S Harlem Ave
General
- Sold For: $470,000
- Taxes: $37,720 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11688125
- Added to Site: 1, 129 day(s) ago
Business
- Business Type: Retail
Location
- Area: Palos Heights
- County: Cook
- Driving Directions: Harlem to 12339. Units located on East side of Harlem Ave.
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Foundation: Concrete Perimeter
- Roof: Membrane, Reflective Coating, Rubber
- Stories/Levels: 3
- Square Feet: 5,010
- Current Bldg. Use: Commercial
- Year Built: 1950
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 13,366
- Lot Dimensions: 60 x 222
- Drainage: Floor Drains, Storm Sewers
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $8,824
- Assessment Year: 1950
- Tax Amount: $37,720
- Tax Year: 2023
- Tenant Pays: Electricity, Heat, Sewer
Disclosures and Reports
- Property ID: 24303000070000
Listed by @properties Christie's International Real Estate
Sold by Boardwalk Commercial Real Estate Corporation
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Schools
Schools serving 12339 S Harlem Ave
School Districts:Palos Heights School District 128, Community High School District 218
| Name | Grades | Distance |
|---|---|---|
Navajo Heights Elementary School 12401 South Oak Park Avenue, Palos Heights, IL 60463 | 4-5 | 0.5 mi |
Chippewa Elementary School 12425 S Austin Ave, Palos Heights, IL 60463 | 1-3 | 1.5 mi |
Indian Hill 12800 South Austin Avenue, Palos Heights, IL 60463 | PK-K | 1.5 mi |
Independence Jr High School 6610 West Highland Drive, Palos Heights, IL 60463 | 6-8 | 0.9 mi |
A B Shepard High School (Campus) 13049 South Ridgeland Avenue, Palos Heights, IL 60463 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12339 S Harlem Ave
Date
Details
Price
Change
Source
7/26/2025
Sold
$470,000
-7.84%
MLS
9/24/2024
Price Reduced
$510,000
-3.77%
MLS
7/08/2024
Price Reduced
$530,000
-1.85%
MLS
5/23/2024
Price Reduced
$540,000
-1.82%
MLS
7/03/2023
Price Reduced
$550,000
-9.84%
MLS
6/15/2023
Price Reduced
$610,000
-1.61%
MLS
3/02/2023
Price Reduced
$620,000
-1.59%
MLS
2/03/2023
Price Reduced
$630,000
-1.56%
MLS
1/20/2023
Price Reduced
$640,000
-1.54%
MLS
12/14/2022
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12339 S Harlem Avenue, Palos Heights, IL 60463 (MLS# 11688125) is a Commercial property that was sold at $470,000 on July 26, 2025. Want to learn more about 12339 S Harlem Avenue? Do you have questions about finding other Commercial real estate for sale in Palos Heights? You can browse all Palos Heights real estate or contact a Coldwell Banker agent to request more information.

