$ 475,000
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$475,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 88642 - 1017785
Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
12571125
Year Built
1960
Total Square Footage
0
Lot/Acreage
0.34
County
Winnebago
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 14810
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $6,695
- Taxes w/Assessments: N/A
- Tax/Property ID: 1601254006
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
741 Elgin St Cherry Valley, IL 61016
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