110 West Jones Street

Milford, IL 60953

$632,000
Last Sold Price
23
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

LOW TAXES make for even better cash flow on this BEAUTIFULLY kept, updated, and well-maintained 15-unit apartment building on Milford's west side! There are 8 two-bedroom units and 7 one-bedroom units. Tenants pay electric, and landlord pays water/sewer/scavenger. Fully leased. Coin-operated laundry facility in building for additional income (approx $300/mo). Units are updated as tenants move out: New paint, blinds, carpet, refrigerators, and other items as needed. 2 units had a full remodel just...LOW TAXES make for even better cash flow on this BEAUTIFULLY kept, updated, and well-maintained 15-unit apartment building on Milford's west side! There are 8 two-bedroom units and 7 one-bedroom units. Tenants pay electric, and landlord pays water/sewer/scavenger. Fully leased. Coin-operated laundry facility in building for additional income (approx $300/mo). Units are updated as tenants move out: New paint, blinds, carpet, refrigerators, and other items as needed. 2 units had a full remodel just last year. Backs to park & close to schools. A SUPERB investment opportunity - come and see! For out of town investors, we have someone who can manage this property for you. (c)2021
  1. Listed by Susan Fisher • Coldwell Banker Realty

Sold By McColly Bennett Real Estate

Property Details for 110 West Jones Street

Area
Milford
Township
Milford
Num Of Parking Spaces
17.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 11/10/2021 10:39 AM

Property Details for 110 West Jones Street

StatusClosed
MLS #10929087
Days on Market364
Taxes$7,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1968
Lot Size0.64 AC / 27,825 SF
CountyIroquois County

Location

Add your commute

Building Information for 110 West Jones Street

Stories-Residences15Year Built1968Building Size-Lot Size0.64 AC / 27,825 SF

Payment Calculator

$4,059 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,449

Property Taxes

$610

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 110 West Jones Street

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 4
  • Heat/Ventilation: Electric
  • # Of Window/Ac: 15
  • # Of Refrigerators: 15
  • Misc Inside: Inside Corridor/s,Laundry Room
  • # Of Dryers: 4
  • Num of Baths: 0.0
Exterior Features
  • Building Unit Info: Fire Alarm,Smoke/Alarm Detector
  • Misc Outside: Security Lighting
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 175X159
  • Lot Size Square Feet: 27825.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 11616
  • Lot Size Source: County Records
  • # Of Ranges: 15
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 17
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Children's Play Yard,Curbs and Gutters,Sidewalks
  • Location: Mixed Use Area,Park Adjacent
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 15
Income & Expenses
  • Electric Expense: $2,190.00
  • Fuel Expense: $.00
  • Gross Income: $90,600.00
  • Gross Scheduled Income: $90,600.00
  • Insurance Expense: $3,041.00
  • Maintenance Expense: $2,582.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2020
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7550
  • Water Expense Source: Actual
  • Net Operating Income: $49,260.00
  • Operating Expense: $21,625.00
  • Other Expense: $383.00
  • Trash Expense: $1,890.00
  • Water Sewer Expense: $4,219.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
  • # Of Rooms - Unit 1: 4
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 550
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 7
  • # Of Rooms - Unit 2: 3
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 450
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 3: 0
  • Monthly Income - 3: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 4: 0
  • Monthly Income - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 7: 0
  • Monthly Income - 7: 0

Property History for 110 West Jones Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 110 West Jones Street

Taxable ValueLand$4,611Additions$63,322Total$67,933
Tax Record2022$6,391 ($533 / month)
Home Facts
StyleOffice BuildingCountyIROQUOISAPN33 15 276 016

Schools near 110 West Jones Street

This home is within Milford Area PSD 124.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Milford Grade School West Campus
PublicPK to 8

Milford High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.