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$625,000 Contingent

511 Schroeder Avenue
Peotone, IL 60468

10 units | Multi Family Home
20473 sq ft lot - MLS# 09811411
Property Photo
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Description

Fantastic investment opportunity awaits you in the heart of Peotone! Featuring a prime location to the Will County Fair Grounds and Peotone park District; this ranch complex boasts 10 fully occupied units, on site parking and in-building coin laundry. Each unit includes a 15x11 living room; 11x8 kitchen with all appliances; a 12x10 bedroom with oversized closet; and a full bathroom. Grab this well maintained, income producing property, before its gone!

Features

  • # Of Bdrms - Unit 1: 1
  • # Of Full Bthrms - Type 1: 1
  • # of Parking Spaces: 10
  • # Of Ranges: 10
  • # Of Refrigs: 10
  • # Of Rooms - Unit 1: 03 Rooms
  • # Of Stories: 1
  • # Of Units - Apt. Type 1: 10
  • # Of Window/Ac: 10
  • Acres: 0.4700
  • Air Conditioning: Window Unit/S
  • Approximate Age: 26-35 Years
  • Basement: Crawl
  • County/Area: Will County
  • Current Use: Residential-Multi-Family
  • Electric Expense Source: $
  • Electricity Expense: $600
  • Exterior Building Type: Brick, Cedar
  • Foundation: Concrete
  • Frontage/Access: Public Road
  • Fuel Expense Source: $
  • Gross Rent Multiplier: 8.6
  • Heat/Ventilation: Electric
  • Insurance Expense: $2,500
  • Janitor Expense: $1,300
  • Janitor Expense Source: $
  • Land Amenities: Curbs And Gutters, Lighting/Exterior, Sidewalks
  • Listing Status: Contingent
  • Lot Dimensions: 180X115
  • Lot Sq Ft: 20701
  • Misc Inside: Laundry Room
  • Monthly Income - 1: $600
  • Monthly Income Max - 1: $600
  • Other Expense Source: $
  • Other Expenses: $312
  • Outdoor Parking: 6-12 Spaces
  • Parking Spaces: 10
  • Potential Use: Condominium, Residential-Multi-Family
  • Property Type: Multi Family Home
  • Repairs-Decor Expense: $600
  • Repairs-Decor Expense Source: $
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Scavenger Expense: $720
  • Sub Type: Multi Family 5+
  • Tax Year: 2016
  • Taxes: $9,867
  • Tenant Pays: Air Conditioning, Electric, Heat
  • Total Annual Exp: 18899
  • Total Annual Income: $73,300
  • Total Monthly Income: $6,000
  • Township: Peotone
  • Type Multi-Family: Flats
  • Units: 10
  • Water Expense: $3,000
  • Water Expense Source: $
  • Year Built: 1981
  • Zip Code: 60468
  • Zoning: MULTI
JOSEPH SIWINSKI
Lincoln-Way Realty, Inc.
Managing Broker & Owner
19430 S. Wolf Rd. Mokena, IL 60448
Phone: 708 479-6355
Fax: 708-479-6388
Email: jsiwinski@lincolnwayrealty.com

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