121 Town Crest Drive

121 Town Crest Dr New Lenox, IL 60451

$1,950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare find.. Two income producing apartment buildings located adjacent to each other in new lenox. Each building is two-stories that consists of 8 identical units each with 2 bedrooms 1 bath with a balcony. Coin operated laundry available in basement. Hot water heat system. Private parking lot in the back. Great investment opportunity!

Property Details for 121 Town Crest Drive

Status
New
Area
New Lenox
Township
New Lenox

Location

Listing Courtesy of Marquette Properties, Inc

Property Details for 121 Town Crest Drive

StatusActive
MLS #11046707
Days on Market3
Taxes$32,386.8 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1975
Lot Size1.00 AC / 43,560 SF
CountyWill County

Listing Agent

Peter Fleming

Peter Fleming

Marquette Properties, Inc

pfleming52@yahoo.com

P: (773) 882-6286

M: (773) 882-6286

Contact Agent(s)

Location

Listing Courtesy of Marquette Properties, Inc

Building Information for 121 Town Crest Drive

Stories-Residences-Year Built1975Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$9,234 per month

30 year fixed, 2.95% Interest

Principal and Interest

$6,535

Property Taxes

$2,699

HOA Dues

$0

Property Information for 121 Town Crest Drive

General Information
    Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Property Information
    Utilities / Equipment
  • Utilities To Site: Sanitary Sewer to Site, Well-Private
    Property/Lot Information
  • Owners Association?: No
  • Tenant Pays: Electric
  • Year Built: 1975
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Property Type: Multi Family 5+
  • Multi-Family Type: Flats
  • Lot Size Source: County Records
  • Acreage: 1
  • Lot Dimensions: 43560
  • Zoning Type: MULTI
  • Lot Sq Ft: 43560
  • Num Of Units: 16
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Fire Extinguisher/s, Hydrants On Site
  • Roof Coverings: Shingle Composition
  • Roof Structure: Mansard
  • Foundation: Concrete
    Miscellaneous
  • Current Use: Residential-Multi-Family
  • Frontage Access: City Street, Public Road, Paved
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Location: Corner
  • Potential Use: Residential-Multi-Family
    Virtual Tour/Additional Media
  • Virtual Tour YN: false
Room Information
    Basement Information
  • Basement Description: Unfinished
    Additional Room #10 Information
  • Building Unit Info: Fire Alarm, Smoke/Alarm Detector
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 5
  • Num Of Units: 16
  • Monthly Income: 1095
  • Monthly Income Max: $1,095
    Unit 2 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 3 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 0
  • Num Of Disposals: 0
  • Num Of Dryers: 4
  • Num Of Fireplaces: 0
  • Num Of Ranges: 16
  • Num Of Refrigs: 16
  • Num Of Washers: 4
  • Num Of Window/AC: 16
  • Electrical Service: Circuit Breakers
  • Heat Ventilation: Hot Water
  • Misc Inside: Laundry Room
  • Misc Outside: Balcony/ies
  • Washer/Dryer Leased: No
    Unit 5 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Cap Rate Percent: 7
  • Electric Expense Source: Owner Projection
  • Electricity Expense: 1200
  • Expense Year: 2020
  • Fuel Expense: 8400
  • Fuel Expense Source: Owner Projection
  • Gross Rent Multiplier: 9
  • Gross Rental Income: 210240
  • Insurance Expense Source: Owner Projection
  • Janitor Expense Source: Owner Projection
  • Manager Expense: 0
  • Net Operating Income: 143793
  • Net Operating Income Year: 2020
  • Other Expenses: 0
  • Repairs Decor Expense: 1000
  • Repairs Decor Expense Source: Owner Projection
  • Scavenger Expense: 1080
  • Scavenger Expense Source: Owner Projection
  • Total Annual Expenses: 66446
  • Total Annual Income: 210240
  • Total Monthly Income: 17520
  • Water Expense: 13200
  • Water Expense Source: Owner Projection

Property History for 121 Town Crest Dr

DateEvent & SourcePriceAppreciation
Apr 8, 2021

Listed (Active)

MRED #11046707

$1,950,000
DateEvent & SourcePrice
04/08/2021

Listed (Active)

MRED #11046707

$1,950,000

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

Schools near 121 Town Crest Drive


SchoolTypeGradesDistanceRating
Liberty Junior High SchoolPublic7-80.5 mi
6
Oster-Oakview SchoolPublic4-60.6 mi
7
Haines Elementary SchoolPublic1-30.7 mi
6
Cherry Hill Elementary And Ec CenterPublicPK-82.7 mi
NR

Liberty Junior High School

7-8, 0.5 mi, Public

6

Oster-Oakview School

4-6, 0.6 mi, Public

7

Haines Elementary School

1-3, 0.7 mi, Public

6

Cherry Hill Elementary And Ec Center

PK-8, 2.7 mi, Public

NR

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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121 Town Crest Drive is a multi-family home for sale in New Lenox, IL 60451. This property was listed for sale on April 8, 2021 by Marquette Properties, Inc at $1,950,000. This listing's school districts are Lincoln Way Chsd 210 School District, New Lenox School District 122. Nearby schools include Liberty Junior High School, Oster-Oakview School and Haines Elementary School. 121 Town Crest Drive is a 0-bed, 0-bath, multi-family home built in 1975. This address can also be written as 121 Town Crest Dr.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marquette Properties, Inc

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