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Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12126880
Sold Date 10/04/24
Style Tri-Level
Bedrooms 6
Year Built 1950
Annual Tax Amount $11,767
Tax Year 2022
Lot Dimensions 9762
Property Description
Nestled in East Highland Park, minutes from downtown Highland Park and Highwood, this fully remodeled townhome-style duplex presents a compelling investment opportunity. There are two 3 bed/2 bath units (2,800 sq ft total), separately metered, producing $68,100 in rent/year, with a cap rate of ~7.0%. Both units feature remodeled kitchens and bathrooms, new Anderson bedroom windows and refinished hardwood flooring. Each unit has a separate parking lot, with its own carport. The building has a brand-new roof, modern fencing, and an elegant landscape design. The first unit rents for $2,725, lease ending May 31, 2025, while the second rents for $2,950.00 with the same lease end date. Tenants pay all utilities, the owner pays landscaping, water/sewer and snow removal. If you're looking to acquire a mini portfolio, consider buying this along with another 3 units (~7% cap rate) in neighboring Highwood (see MLS#: 12124587)
Location
State IL
County Lake
Community Sidewalks
Zoning MULTI
Rooms
Basement Walkout
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+
Fireplace N
Exterior
View Y/N true
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 113, 113, 113
Others
Ownership Fee Simple
Special Listing Condition None
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959