$1,627,000
$1,500,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
19,200 SqFt
SOLD DATE : 10/08/2024
Key Details
Sold Price $1,627,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 19,200 sqft
Price per Sqft $84
MLS Listing ID 12138828
Sold Date 10/08/24
Year Built 1987
Annual Tax Amount $35,900
Tax Year 2023
Lot Size 2.860 Acres
Lot Dimensions 400X300
Property Description
MULTIPLE OFFERS...HIGHEST AND BEST PLEASE. PRESENTING ALL OFFERS AT 7:00 p.m. ON TUESDAY, AUGUST 20TH ATTENTION INVESTORS! Rare opportunity to create or add to your portfolio of income property. Four all brick units have 8 units each with approximately 550 sq. ft. (Two of the buildings were built in 1987, 1 in 1989 and 1 in 1991.) Room inventory of living room, kitchen and bedroom. Stove, refrigerator and unit wall air conditioner provided. Tenant pays all electric, landlord pays sewer, water and trash. 1st year lease for 1 year, than month to month. Long term tenants include 13 that have been over 5 years (7 being over 10 years!) 13 being 1-5 years, and 4 new in 2024, 2 vacant presently (1 being death.) As tenants vacate, updates are done including new flooring and painting entire unit, plus any other needed repairs...10 units have been done. Roofs were replaced in 2010 and 2011...Blacktop parking lot sealed in 2024. Location near 130 acre Indian Oaks Park and within minutes of full I90 interchanges, both at Rt 20 and Rt 23. Do not hesitate to make this a good financial investment!
Location
State IL
County Mchenry
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Water-Municipal
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Mohammad Fatani • Realty One Group Excel