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Elmhurst,IL 60126
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12052447
Bedrooms 7
Year Built 1907
Annual Tax Amount $7,207
Tax Year 2023
Lot Size 8,276 Sqft
Lot Dimensions .19 ACRES
Property Description
Investor Opportunity in Elmhurst - Income-Producing Property with Strong Tenant History Whether you're an experienced investor or exploring your first rental property, don't miss this prime income-producing opportunity in the desirable Down-Town Elmhurst market. This one-unit subleased property offers a reliable stream of rental income with a well-established tenant history. The main unit features 6 bedrooms and 2 full bathrooms, making it ideal for long-term renters seeking spacious living accommodations. The second unit is a studio apartment, perfectly suited for additional rental income. Key investment highlights: - Consistent Cash Flow: The current tenant has been subleasing to a second tenant with a long history of on-time rent payments, ensuring steady returns. - Added Convenience: A two-car garage and long driveway offer ample parking, enhancing tenant appeal. - Strategic Location Situated near three major highways, this property provides easy access for commuters. Additionally, it's located within a 10-mile radius of 10 colleges, ensuring a steady pool of potential renters and strong rental demand. Whether you're looking to expand your portfolio or acquire a turnkey investment, this property checks all the boxes. Contact us today to explore this opportunity and secure a reliable income-generating asset in Elmhurst!
Location
State IL
County Dupage
Area Elmhurst
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Water Lake Michigan
New Construction false
Schools
School District 205 ,205, 205
Others
Ownership Fee Simple
Special Listing Condition None