Bought with Jim Starwalt of Better Homes and Gardens Real Estate Star Homes
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Key Details
Sold Price $152,500
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10593058
Sold Date 02/11/20
Style Bungalow
Bedrooms 1
Year Built 1925
Annual Tax Amount $2,112
Tax Year 2018
Lot Size 3,920 Sqft
Lot Dimensions 25 X 150
Property Sub-Type Two to Four Units
Property Description
Recently updated two-unit residence in Downtown Business District, one block from Pistakee Lake and 0.3 miles to Metra stop. This is a turn-key that already generates an 8.1% overall cap rate based on 2019 income and expenses. The interior on both units were completely remodeled in 2018 -- INTERIOR PHOTOS ARE FOUND IN DOCUMENTS UNDER ADDITIONAL INFORMATION. Tankless water heater added this year, new siding, windows plumbing and electrical done in 2018. Roof, soffit and gutters done in 2006. Sorry, rehabbers. Nothing to do here but take over from long-term owners. Finding long-term tenants has not been a problem for them. Can be had along with 11 W Grand (two-unit side-by-side) or 15 W Grand (2BR SFH).
Location
State IL
County Lake
Community Sidewalks, Street Lights, Street Paved
Zoning COMMR
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Cable Access
View Y/N true
Roof Type Asphalt
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction false
Schools
High Schools Grant Community High School
School District 114, 114, 124
Others
Ownership Fee Simple
Special Listing Condition None
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