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Gibran Young

gibran@gibranyoung.com +1(815) 276-1129

$ 189,900

Est. payment | -/mo

4 Beds

2 Baths

0.29 Acres Lot

Save

$ 189,900

Est. payment | -/mo

Save

4 Beds

2 Baths

0.29 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12384017

Bedrooms 4

Year Built 1915

Annual Tax Amount $3,570

Tax Year 2024

Lot Size 0.290 Acres

Lot Dimensions 66X188.8X66X192

Property Sub-Type Two to Four Units

Property Description

Attention investors: This 2-flat property is a textbook fixer-upper being sold strictly AS-IS and needs a significant amount of work. Bring your tools, budget, and construction crew to unlock the full potential of this 1,952 sq. ft. asset. The major draw is the immediate ROI - Monthly Income: $1,425. Currently occupied by long-term mo-to-mo tenants who may be willing to stay. Each unit is 2 BR/1 BA and is highly desirable due to the inclusion of a full appliance package, including an in-unit washer and dryer. 1st Floor ($725/mo): Provides current stability with a newer furnace, new appliances, new water heater, and updated flooring. 2nd Floor ($700/mo): Needs considerable attention and features electric heat. The exterior includes vinyl siding and a large shared backyard. Also incls 976 sq. ft. unfinished basement Tenants are responsible for all utilities except garbage. This is a solid path to substantial equity for the motivated investor prepared for a full-scale renovation.

Location

State IL

County Boone

Area Garden Prarie

Zoning MULTI

Body of Water 2 FLAT

Rooms

Basement Unfinished, Cellar, Partial

Interior

Heating Natural Gas, Electric, Forced Air, Baseboard, Sep Heating Systems - 2+

Equipment TV-Dish, CO Detectors, Ceiling Fan(s), Multiple Water Heaters

Fireplace N

Exterior

Exterior Feature Fire Pit

Community Features Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Common Grounds

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Septic Tank

Water Well

Structure Type Vinyl Siding

New Construction false

Schools

School District 100 , 100, 100

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Dee Gamble of Berkshire Hathaway HomeServices Starck Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(815) 276-1129

gibran@gibranyoung.com

203 W Grant Hwy, Marengo, IL, 60152-3036, USA

11220 US Route 20 HWY Garden Prairie, IL 61038