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$317,500

  • Sold
  • Closed
  • Commercial
  • 5,000 Sq. Ft.
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100% LEASED INVESTMENT PROPERTY WITH GROUND FLOOR RETAIL SPACE WITH FOUR (1 BEDROOM, 1 BATHROOM) APARTMENTS UPSTAIRS. 5,000 SF building with a full basement and a history of high occupancy. Just one block east of Sheridan Rd on the only road to North Point Marina. 10% CAP rate at full asking price using actual 2024 operating income and expenses. Retail store (The Sweet Stop) pays rent and utilities while the separately metered all electric apartment bills are paid by the tenants. Building very well maintained with new blacktop to rear parking lot in 2019, replaced iron steps to rear second floor building entrance in 2021 and west wall brick corner replaced in 2023 and tuckpointed. Membrane roof about 11 - 12 years old and inspected last Fall. Large municipal parking lot just east of the property and there is additional street parking. Priced right for the savvy investor.

Full Property Details for 1700 7th St

General

  • Sold For: $317,500
  • Taxes: $7,502 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12299162
  • Added to Site: 393 day(s) ago

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s)

Location

  • Area: Winthrop Harbor
  • County: Lake
  • Driving Directions: Northside of 7th Street just east of Sheridan Rd
  • Location Details: North Suburban

Heating & Cooling

  • Cooling Type: Wall Sleeve
  • Heating Type: Gas, Hot Water

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • Square Feet: 5,000
  • # of Stores: 2
  • Year Built: 1920
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 6
  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Lot Features

  • Lot Size (Sq. Ft.): 5,562
  • Lot Dimensions: 44 x 125
  • Zoning: COMMR

Financial Considerations

  • Operating Expenses: $26,868
  • Security Deposit: Carbon Monoxide Detector(s)
  • Assessment Year: 1920
  • Tax Amount: $7,502
  • Tax Year: 2023
  • Tenant Pays: Varies by Tenant

Disclosures and Reports

  • Documents Avail.: Rent Roll, Leases
  • Property ID: 4101070160000

Listed by RE/MAX Plaza
Sold by @properties Christie's International Real Estate

Listing agent

— 1700 7th St —

  • RE/MAX Plaza

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1700 7th St

School Districts:Winthrop Harbor School District 1, Zion-Benton Township High School District 126
NameGradesDistance
Westfield School
2309 9th Street, Winthrop Harbor, IL 60096
PK-40.5 mi
North Prairie Jr High School
500 North Avenue, Winthrop Harbor, IL 60096
5-80.8 mi
Zion-Benton Twnshp Hi School
3901 21st Street, Zion, IL 60099
9-122.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1700 7th St

Date
Details
Price
Change
Source
5/23/2025
Sold
$317,500
5.83%
MLS
2/27/2025
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Plaza
Sold by @properties Christie's International Real Estate

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Price Reduced near 1700 7th St

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2712 Elizabeth Ave, Zion, IL 60099 - Photo 1 Price Reduced
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Recent Sales near 1700 7th St

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1700 7th Street, Winthrop Harbor, IL 60096 (MLS# 12299162) is a Commercial property that was sold at $317,500 on May 23, 2025. Want to learn more about 1700 7th Street? Do you have questions about finding other Commercial real estate for sale in Winthrop Harbor? You can browse all Winthrop Harbor real estate or contact a Coldwell Banker agent to request more information.