$588,000
$599,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
SOLD DATE : 04/13/2023
Key Details
Sold Price $588,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11716148
Sold Date 04/13/23
Bedrooms 7
Year Built 1974
Annual Tax Amount $9,706
Tax Year 2021
Lot Dimensions 97X119X89
Property Sub-Type Two to Four Units
Property Description
Great Investment Opportunity for a four (4) unit in Elmhurst school district. It's a very well maintained building generating annual income of $66,360.00 for great cash flow. Currently underpriced/below market rents, great opportunity to grow. $31,000 of renovations done in 2023, two of the four units were remodeled. Remodeled kitchens in 2017, unit 2 received new air conditioner compressor in 2017, new boiler 2015, not hot water heater 2021, updated baths with new vanities, tuck points, new windows. Has a newer roof, newer sump pump. Big garage, half of it rented out for $200 the other half can still be rented to increase income. Laundry room attached in basement, currently not coin operated but already has quarter dispenser if new owner wants to change. Low taxes with long term tenants, close to shopping, schools, metra, bus and expressways. Priced to sell quickly. Listing broker is related to the seller.
Location
State IL
County Du Page
Area Bensenville
Rooms
Basement English
Interior
Heating Natural Gas, Baseboard, Indv Controls
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
High Schools York Community High School
School District 205 , 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with James Gurick • Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "