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Pro-Real Estate

Real Estate Team
506 South Water Street
Wilmington, Illinois
815-476-7916
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Listing 6 out of 19
$349,950 Contingent
10 units | Multi Family Home
13068 sq ft - MLS# 10150381
Property Photo
1/16

Description

Opportunity awaits! 10 rental units within four consecutive buildings located on the main street of downtown Elwood! ( growing community located near Rt 80 & 55) Fully rented with good rental history & cash flow. Buildings have been well maintained, newer roofs, hot water heaters, furnaces and some appliances. Ample tenant parking. Great 1031 exchange and investment opportunity .Call or email for more detailed information

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Contingent
  • County/Area: Will County
  • Zip Code: 60421
  • Year Built: 1920
  • Units: 10 units
  • Basement: Unfinished, Cellar, Other
  • # of Parking Spaces: 6
  • Lot Size: 13068 sq ft
  • Zoning: COMMR
  • # Of Bdrms - Type 5: 2
  • # Of Bdrms - Unit 1: 2
  • # Of Bdrms - Unit 2: 3
  • # Of Bdrms - Unit 3: 1
  • # Of Bdrms - Unit 4: 2
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Full Bthrms - Type 3: 1
  • # Of Full Bthrms - Type 4: 1
  • # Of Full Bthrms - Type 5: 1
  • # Of Full Bthrms - Type 6: 1
  • # Of Ranges: 10
  • # Of Refrigs: 10
  • # Of Rooms - Type 5: 4
  • # Of Rooms - Type 6: 1
  • # Of Rooms - Unit 1: 5 Rooms
  • # Of Rooms - Unit 2: 5 Rooms
  • # Of Rooms - Unit 3: 3 Rooms
  • # Of Rooms - Unit 4: 4 Rooms
  • # Of Stories: 2
  • # Of Units - Apt. Type 1: 1
  • # Of Units - Apt. Type 2: 1
  • # Of Units - Apt. Type 3: 3
  • # Of Units - Apt. Type 4: 1
  • # Of Units - Apt. Type 5: 2
  • # Of Units - Apt. Type 6: 2
  • # Of Window/Ac: 8
  • Air Conditioning: Central Air, Window Unit/S
  • Approximate Age: Older
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick, Wood Frame
  • Current Use: Residential-Multi-Family
  • Electric Expense Source: $
  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps
  • Electricity Expense: $600
  • Exterior Building Type: Vinyl Siding, Brick
  • Fire Protection: Fire Extinguisher/S
  • Foundation: Block, Concrete, Stone
  • Frontage/Access: City Street
  • Fuel Expense: $607
  • Fuel Expense Source: $
  • Gross Rent Multiplier: 4.2
  • Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
  • Insurance Expense: $6,780
  • Janitor Expense Source: $
  • Land Amenities: Lighting/Exterior, Sidewalks, Cable Ready
  • Lot Dimensions: 160X101X32X4X131X60
  • Misc Outside: Enclosed Stairs, Storms And Screens (As Exist)
  • Monthly Income - 1: $685
  • Monthly Income - 2: $675
  • Monthly Income - 3: $500
  • Monthly Income - 4: $675
  • Monthly Income - 5: $650
  • Monthly Income - 6: $350
  • Monthly Income Max - 1: $800
  • Monthly Income Max - 2: $800
  • Monthly Income Max - 3: $675
  • Monthly Income Max - 4: $675
  • Monthly Income Max - 5: $685
  • Monthly Income Max - 6: $450
  • Outdoor Parking: 6-12 Spaces
  • Potential Use: Commercial, Residential-Multi-Family
  • Roof Coverings: Shingle Composition, Rubber
  • Roof Structure: Flat, Gable
  • Tax Year: 2017
  • Taxes: $7,845
  • Tenant Pays: Electric, Heat, Varies By Tenant
  • Total Annual Exp: 13080
  • Total Annual Income: $82,020
  • Total Monthly Income: $6,835
  • Township: Jackson
  • Utilities To Site: Sewer-Storm Available, Water-Municipal
  • Water Expense: $3,420
  • Water Expense Source: $
Courtesy of Re/Max Top Properties

Pro-Real Estate
506 South Water Street
Wilmington, IL 60481
Phone: 815-476-7916
Email: gerette1@comcast.net

Testimonials

Dana was absolutely amazing in the entire home buying process. I have purchased multiple homes and she was by far the most thorough. She checked previous history for all of the properties we looked at, improvements made, fair list price. I would absolutely recommend Dana to anyone relocating to the  area or just looking for something new!
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