206 North Chicago Avenue

Elwood, IL 60421

$250,000
Last Sold Price
4
Beds
3
Baths
4,226 Sq. Ft.
$59 / Sq. Ft.
4,226
Sq. Ft.
$59
per Sq. Ft.

Description

4,000 sq ft of Income-Generating Multi-Unit Building in the Heart of Elwood, Steps from School and Children's Garden Owner was previously getting $900 for smaller unit in the back, $1,100 for 2 bedroom on the lower level and $1,200 for upper level - that was rented to family for a discount. This multi-unit building offers not just a home, but an income stream with immense potential, making it a sought-after gem for investors. Situated conveniently near the local school and the enchanting butterfly...4,000 sq ft of Income-Generating Multi-Unit Building in the Heart of Elwood, Steps from School and Children's Garden Owner was previously getting $900 for smaller unit in the back, $1,100 for 2 bedroom on the lower level and $1,200 for upper level - that was rented to family for a discount. This multi-unit building offers not just a home, but an income stream with immense potential, making it a sought-after gem for investors. Situated conveniently near the local school and the enchanting butterfly garden, this property combines comfort with a tranquil setting. Key Features: Prime Location : Located near Elwood School and I-55 - convenient for work commute. Multi-Unit Layout : The building consists of well-designed individual units, each offering privacy and comfortable living spaces. With a mix of 2-3 units, there is ample room for various tenant preferences. Each unit features it's own kitchen, living space, laundry and full bathroom. Income Potential : This property presents an incredible opportunity for passive income. Whether you're an experienced investor or just starting out, the multi-unit layout allows you to generate steady rental income from multiple tenants. Convenience and Accessibility : The property's proximity to local schools, parks, and the highway ensures a convenient lifestyle for tenants. Public transportation options make commuting a breeze. Community Atmosphere : Elwood is known for its tight-knit community and friendly atmosphere. Tenants will have the opportunity to engage in local events, meet neighbors, and enjoy the warmth of a close community. Investor's Dream : With its strategic location, multi-unit layout, and potential for consistent rental income, this property is an investor's dream come true. Take advantage of the strong demand for rental properties in this desirable neighborhood. Embrace the opportunity to own an income-generating property that combines convenience, nature, and easy living in one remarkable package. Don't miss out on this chance to secure your financial future while providing tenants with an exceptional place to call home. Contact us today to schedule a viewing and explore the potential of this fantastic Elwood multi-unit building near the school and children's garden!
  1. Listed by Rachael Gish • Keller Williams Experience

Sold By Coldwell Banker Realty

Property Details for 206 North Chicago Avenue

Area
Elwood
Township
Jackson
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Num Of Cars
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 11/02/2023 03:01 AM

Property Details for 206 North Chicago Avenue

StatusClosed
MLS #11857702
Days on Market81
Taxes$4,120 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size-
CountyWill County

Location

Add your commute

Building Information for 206 North Chicago Avenue

Stories-Residences2Year Built-Building Size-Lot Size-

Payment Calculator

$1,708 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$343

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 206 North Chicago Avenue

General Information
School Information
  • Elementary School District: 203
  • Elementary School: Elwood C C School
  • Jr High Middle School: Elwood C C School
  • High School District: 204
  • High School: Joliet Central High School
  • Middle Or Junior School District: 203
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks
  • Basement Type: None
  • Bedrooms Possible: 4
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 150X74X151X74
  • Total # Units in Building: 2.0
  • Other Structures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: None
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-08-11T19:49:52
  • Photos Count: 2
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Other Media
Multi Family
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: NA
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: NA

Property History for 206 North Chicago Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 206 North Chicago Avenue

Taxable ValueLand$13,715Additions$34,543Total$48,258
Tax Record2020$3,653 ($304 / month)
Home Facts
Beds0Lot Size11,326 SqFtStyleSingle Family ResidenceCountyWILLAPN10-11-29-108-002

Schools near 206 North Chicago Avenue

This home is within Elwood Community Consolidated School District 203.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elwood Child Care School
PublicPK to 8

Joliet Central High School
Public9 to 12

Joliet Twp High School - Alternate
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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Similar Sold Homes

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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Experience

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. Based on information submitted to the MLS GRID as of 11/02/2023 03:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.