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$ 374,900
Est. payment | /mo
3,055 SqFt
$ 374,900
Est. payment | /mo
3,055 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $122
MLS Listing ID 12388598
Year Built 1974
Annual Tax Amount $6,934
Tax Year 2024
Lot Size 0.260 Acres
Lot Dimensions 170X215X131
Property Sub-Type Multi Family 5+
Property Description
Investment Opportunity - Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you're expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don't miss this opportunity!
Location
State IL
County Ogle
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Structure Type Brick,Shake Siding
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Rebecca Adams • Re/Max of Rock Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States