Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
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$585,000

$645,000

9.3%
Est.Price: ?

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Est. payment /mo

2.6 Acres Lot


SOLD DATE : 04/16/2024

Key Details

Sold Price $585,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11924681

Sold Date 04/16/24

Year Built 1950

Annual Tax Amount $11,211

Tax Year 2021

Lot Size 2.600 Acres

Lot Dimensions 300X385

Property Sub-Type Multi Family 5+

Property Description

This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.

Location

State IL

County Will

Area Elwood

Zoning MULTI

Interior

Cooling Central Air, Window Unit(s)

Fireplaces Number 1

Fireplace Y

Exterior

Utilities Available Sanitary Sewer, Water-Municipal

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Robert Miller • Vylla Home
Bought with Robert Miller • Vylla Home
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