$1,380,000
$1,700,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/14/2022
Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11665066
Sold Date 12/14/22
Maintenance Fees $3,600
Year Built 1973
Annual Tax Amount $33,573
Tax Year 2020
Lot Dimensions 27354 SQ FT
Property Sub-Type Multi Family 5+
Property Description
Excellent value add investment opportunity in a strong location. Large units are well below market rents for the area. This asset is positioned to produce an extraordinary return on investment with strong management, updates and upgrades and bringing the rents up to market. This 15 unit apartment building is 100% occupied and is in near proximity to the Lemont business district with excellent amenities. The property is also minutes to major highways and a short commute to the City. Long term owners are ready to retire.
Location
State IL
County Cook
Area Lemont
Zoning MULTI
Interior
Fireplace N
Building
Level or Stories 2
Structure Type Brick
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Bought with Dena Guido • Coldwell Banker Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "