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    2909 Willow Lane

    Zion, IL 60099
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 116 days
    • MLS #: 10761895
    Under Contract
    UPDATED: 48 min ago
    $1,150,000
    • 0
      BEDS
    • 1.97
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2004
    County:
    Area:

    School Ratings & Info

    Description

    Amazing MultiFamily Investment opportunity with an 8 CAP! 16 units on 2 Acres of land. Historic 100% occupancy! All rents are paid every month. Two (8) unit buildings. All units are 2 BED/1 BATH. All Units consist of Living Room, Dining Room, Kitchen, 2 Beds & 1 Bath. Tenants pay electric. Owner pays water/sewer & trash. Each building has (3) washing machines & (3) dryers, as well as ample storage for tenants. The buildings are both protected with a fire prevention sprinkler system as well. Each building has newly constructed handicap ramps! 36 parking spaces. Current owner has made substantial investments to the property including: entirely new plumbing, flood prevention system, fire system, paint, flooring, windows, doors, garbage stall, landscaping, and updating throughout the entire property. There is also the option to build Additional property on the land! Great investment opportunity for the savvy investor.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-20T23:50:44.36 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2909 Willow Lane Zion, IL 60099

    • Price: $1,150,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • MLS #: 10761895
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.97
    Acres
    2004
    Built
    Neighborhood:
    Zion
    County:
    Lake
    Area:
    Zion
    Property Description
    Amazing MultiFamily Investment opportunity with an 8 CAP! 16 units on 2 Acres of land. Historic 100% occupancy! All rents are paid every month. Two (8) unit buildings. All units are 2 BED/1 BATH. All Units consist of Living Room, Dining Room, Kitchen, 2 Beds & 1 Bath. Tenants pay electric. Owner pays water/sewer & trash. Each building has (3) washing machines & (3) dryers, as well as ample storage for tenants. The buildings are both protected with a fire prevention sprinkler system as well. Each building has newly constructed handicap ramps! 36 parking spaces. Current owner has made substantial investments to the property including: entirely new plumbing, flood prevention system, fire system, paint, flooring, windows, doors, garbage stall, landscaping, and updating throughout the entire property. There is also the option to build Additional property on the land! Great investment opportunity for the savvy investor.
    Exterior Features

    Construction BrickOther/Unknown Foundation Concrete Land Amenities Curbs And GuttersLighting/ExteriorOtherCable Ready Lot Dimensions 85813 Number Of Parking Spaces 32 Roof Coverings Shingle Composition Roof Structure Pitched

    Interior Features

    Air Conditioning Window Unit/S Basement Description Partially Finished Fire Protection Fire Extinguisher/SSmoke Or Fire ProtectorsSprinklers-WetSprinklersCarbon Monoxide Detector(S) Miscellaneous Inside Handicapped AccessInside Corridor/SStorage InsideLaundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 6 Number Of Full Bathrooms Type1 1 Number Of Ranges 16 Number Of Refrigs 32 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 16 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 6 Repairs Decor Expense 2990

    Property Features

    Age 16-25 Years Built Before1978 YN No Contingency Flag Attorney/Inspection Electric Expense Source Actual Electrical Service Circuit Breakers101-200 Amps Electricity Expense 5771 Expense Year 2019 Exterior Building Type Aluminum SidingBrick Fuel Expense 0 Fuel Expense Source Actual Gross Rental Income Amount 192000 Heat Ventilation Forced AirGas Insurance Expense 4395 Insurance Expense Source Actual Janitor Expense 4280 Janitor Expense Source Actual Monthly Income Max1 950 Net Oper Income Amount 125803 Net Operating Income Year 2019 Number Of Window Ac 32 Other Expenses 460 Possession Closing Sale Terms ConventionalVaCash OnlyOther Tax Year 2019 Taxes 35061 Tenant Pays Air ConditioningElectricHeat Total Annual Exp 67257 Total Annual Expense Source Combination Total Annual Income 193060 Total Monthly Income 16000 Township Zion Type Multi Family Corridor-Interior Entrance Utilities To Site Water-Municipal Washer Dryer Lsd YN Yes Water Expense 10973 Water Expense Source Actual Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-20T23:50:44.36 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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