2275 Sheridan Road

Zion, IL 60099

$599,000
Price
4
Beds
2
Baths
3
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great opportunity to diversify your portfolio! This multifaceted property allows investors to take advantage of different types of property in a single investment and features four long-term tenants including an established Napa Auto Parts store, two apartments and a multipurpose garage. The current CAP rate is 7.89% with big potential to grow. Perhaps you're looking for a place to start your own small business with living arrangements onsite. The prospects are endless. This listing which includes...Great opportunity to diversify your portfolio! This multifaceted property allows investors to take advantage of different types of property in a single investment and features four long-term tenants including an established Napa Auto Parts store, two apartments and a multipurpose garage. The current CAP rate is 7.89% with big potential to grow. Perhaps you're looking for a place to start your own small business with living arrangements onsite. The prospects are endless. This listing which includes 2275 and 2271 Sheridan Rd., consists of three parcels and two separate buildings, as well as a 15-car parking lot located adjacent to the building. Call today for more details or to schedule a showing. All information on the tenants, leases and expenses will be attached.
  1. Listed by Jeremy Schwab • Homesmart Connect LLC

Property Details for 2275 Sheridan Road

Area
Zion
Zoning
COMMR

Location

Listing Courtesy of Homesmart Connect LLC
Add your commute
LISTING UPDATED: 01/11/2024 12:07 AM

Property Details for 2275 Sheridan Road

StatusActive
MLS #11806490
Days on Market419
Taxes$22,659 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1961
Lot Size0.37 AC / 16,000 SF
CountyLake County

Location

Listing Courtesy of Homesmart Connect LLC
Add your commute

Building Information for 2275 Sheridan Road

Stories-Residences4Year Built1961Building Size-Lot Size0.37 AC / 16,000 SF

Payment Calculator

$5,157 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$1,888

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2275 Sheridan Road

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 2.3
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 125X128
  • Lot Size Square Feet: 16000.0
  • Stories: 2
  • Construction: Brick, Block
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Partially Sprinklered,Smoke or Fire Protectors,Sprinklers
  • Building Area Total: 14400
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 1
  • Document Date: 2023-06-13T00:41:24
  • Photos Count: 51
Miscellaneous
  • Location: Corner,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 06-13-2023
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $78,600.00
  • Gross Scheduled Income: $78,600.00
  • Insurance Expense: $4,000.00
  • Maintenance Expense: $.00
  • Expense Year: 2022
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 6550
  • Net Operating Income: $51,310.00
  • Operating Expense: $27,276.00
  • Other Expense: $.00
  • Trash Expense: $312.00
  • Water Sewer Expense: $312.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2275 Sheridan Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2275 Sheridan Road

Taxable ValueLand$18,435Additions$103,610Total$122,045
Tax Record2023$14,491 ($1,208 / month)
Home Facts
Total Finished SqFt12,000 SqFtAbove Grade Finished SqFt12,000 SqFtLot Size6,817 SqFtStyleStoresYear Built1961CountyLAKEAPN04-22-107-011

Schools near 2275 Sheridan Road

This home is within Zion Esd 6 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
East Elementary School
PublicPK to 2

Zion Central Middle School
Public6 to 8

Zion-Benton Twnshp Hi School
Public9 to 12

New Tech High - Zion-Benton East
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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2275 Sheridan Road is a multi-family home for sale in Zion, IL 60099. This property was listed for sale on June 12, 2023 by Homesmart Connect LLC, it's currently listed at $599,000. This listing's school districts are Zion Esd 6 School District, Zion-Benton Twp Hsd 126 School District. Nearby schools include East Elementary School, Zion Central Middle School and Zion-Benton Twnshp Hi School. 2275 Sheridan Road is a 4-bed, 3.5-bath, multi-family home built in 1961.

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 Homesmart Connect LLC

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.