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In-PersonVirtual Tour
$ 1,399,900
Est. payment | /mo
9,147 Sqft Lot
$ 1,399,900
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12355994
Year Built 1910
Annual Tax Amount $10,257
Tax Year 2024
Lot Size 9,147 Sqft
Lot Dimensions 126.6X75
Property Sub-Type Multi Family 5+
Property Description
Turnkey 6-Unit Multifamily Gem with over 8.5 Cap Rate. Fully Renovated from Top to Bottom Prepare to be impressed by this *absolutely stunning* 6-unit multifamily property-an investor's dream offering a strong **8.5 cap rate** and *zero deferred maintenance*. This building has been completely transformed through a full-scale, professional rehab-*gutted to the studs and rebuilt with precision and care*, guided by full architectural and structural engineering plans. Each of the six units has been thoughtfully redesigned and rebuilt to modern standards, offering high-end finishes and reliable new systems that make this a truly *hands-off investment*. Highlights include: * **All New Plumbing**: Full drain and copper water lines + 2 brand-new 50-gallon water heaters (2024) * **New Electrical Systems**: New conduit, wiring, and individual metering; updated service panels and circuit breakers in every unit * **HVAC Overhaul**: 6 new gas furnaces, AC units, ductwork, thermostats + 7 new gas meters * **New Roof, Gutters, Fascia, Soffits & Energy-Efficient Windows** * **Completely Rehabbed Interiors**: Modern kitchens with stainless steel appliances, granite counters, new cabinetry, and LVP flooring throughout * **Bathrooms Redone**: New tubs, vanities, toilets, and custom tilework in all 6 bathrooms * **Smart Building Features**: Smart lock system with remote access control for owners and tenants-*no more locksmiths needed!* * **New Commercial-Grade Card Reader Washer/Dryer (Stacked)** * **New Sewer Main Cleanout** * **LED Lighting Throughout** Additional value-adds include **10 total parking spaces** (8 in the rear + 2 via a private driveway for Unit 1), **street parking**, and sleek common areas finished to match the unit interiors. This property is not only gorgeous-it's *bulletproof*, from the foundation to the finishes. Whether you're a seasoned investor or just starting your portfolio, this is a rare chance to own a turnkey asset that delivers both immediate cash flow and long-term value. **Schedule your private showing today.** This one won't last. FYI: Owner is a licensed real estate broker in IL.
Location
State IL
County Lake
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Individual
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Vinyl Siding
Others
HOA Fee Include None
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Listed by Basel Tarabein • RE/MAX At Home
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "