$1,050,000
$1,150,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
1.97 Acres Lot
SOLD DATE : 02/16/2021
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10761895
Sold Date 02/16/21
Maintenance Fees $2,990
Year Built 2004
Annual Tax Amount $35,061
Tax Year 2019
Lot Size 1.970 Acres
Lot Dimensions 85,813
Property Sub-Type Multi Family 5+
Property Description
Amazing MultiFamily Investment opportunity with an 8 CAP! 16 units on 2 Acres of land. Historic 100% occupancy! All rents are paid every month. Two (8) unit buildings. All units are 2 BED/1 BATH. All Units consist of Living Room, Dining Room, Kitchen, 2 Beds & 1 Bath. Tenants pay electric. Owner pays water/sewer & trash. Each building has (3) washing machines & (3) dryers, as well as ample storage for tenants. The buildings are both protected with a fire prevention sprinkler system as well. Each building has newly constructed handicap ramps! 36 parking spaces. Current owner has made substantial investments to the property including: entirely new plumbing, flood prevention system, fire system, paint, flooring, windows, doors, garbage stall, landscaping, and updating throughout the entire property. There is also the option to build Additional property on the land! Great investment opportunity for the savvy investor.
Location
State IL
County Lake
Area Zion
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Water-Municipal
Roof Type Composition
Building
Level or Stories 2
Structure Type Brick,Other
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Bought with Cortney Marshall • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "