206 North Chicago Avenue
206 North Chicago Avenue
$250,000
4
3
4,226
4,226
$59
Closed 10/31/23
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!
- Listed by Rachael Gish • Keller Williams Experience
Sold By Coldwell Banker Realty
Property Details for 206 North Chicago Avenue
Area
Elwood
TownshipJackson
OwnershipFee Simple
Num Of Parking Spaces6.0
Num Of Cars6.0
Parking Included in PriceYes
Heat/FuelNatural Gas
Location
LISTING UPDATED: 11/02/2023 03:01 AM
Property Details for 206 North Chicago Avenue
Status | Closed |
---|---|
MLS # | 11857702 |
Days on Market | 81 |
Taxes | $4,120 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | - |
Lot Size | - |
County | Will County |
Location
Building Information for 206 North Chicago Avenue
Stories-Residences2Year Built-Building Size-Lot Size-
Payment Calculator
$1,708 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 206 North Chicago Avenue
Property History for 206 North Chicago Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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