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Listed by Philip Williamsof Realty One Group Strategies
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Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12711569
Year Built 1968
Annual Tax Amount $34,222
Tax Year 2025
Lot Dimensions 118X157X143X228
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures.
Location
State IL
County Winnebago
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com