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Key Details
Sold Price $3,090,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10002334
Sold Date 01/11/19
Year Built 1985
Annual Tax Amount $38,568
Tax Year 2017
Lot Size 2.950 Acres
Lot Dimensions 219' X 399' X 260' X 723'
Property Description
Rare opportunity to get a 24 unit, multi-family apartment building in Roselle! Great return on investment - highly rentable area. 100% Occupied - Fully Rented! Ten units are 1 bed, 14 units are 2 beds. NEW Roof, NEW Gutters & NEW Fascia in 2018, NEW Railings in 2018. Exterior newly painted in 2018. 3 parking lots for the building - provides ample parking spaces for tenants! Rents could be raised with units more updated. Note: one tenant is a handy man who keeps an eye on the building in exchange for a discount on the rent (he is paid for actual repairs). This is a large rental complex where the rent for the same 1 bedroom model is $1000-1050; the rent for a 2 bedroom, same model, more updated, is $1250-1350. Tenants pay their own heat, AC & electricity. "Other" expenses are for snow removal, lawn mowing & security system. Coin laundry in building - provides additional revenue not included in rent roll. Units are all in good working order. Excellent cash flow. Make an offer today!
Location
State IL
County Du Page
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
View Y/N true
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Bought with Baird & Warner
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959