BEDS0
BATHS
MLS#12571125
STATUSPrice Change
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.34 Acres
Stories: 2.0
Taxes: $6,695
Year Built: 1960
Feature Descriptions
Days on Site: 13
HVAC: Gas
Lot Dimensions: 14810
Parcel#: 1601254006
Units: 6
Listed By / Shown By
Listed By
Agency Name: EJC REAL ESTATE SERVICES
Agency Phone: 773-236-7844
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 1,740.76 per month $1,045.79 Principal & Interest $557.92 Property Tax $137.05 Homeowner's InsuranceChange Payment Information
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741 Elgin Street | MLS# 12571125
This multi-family property located at 741 Elgin Street, Cherry Valley, IL 61016 is currently listed for sale with an asking price of $469,900. Search Cherry Valley real estate on www.bhhscrosby.com today.