6478 Highway 45

Chebanse, IL 60922

$1,600,000
Price
40
Beds
26
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This unique mobile home park is ideally located 60 miles directly South of Chicago and only minutes from I-57. This 22 pad community sits on 7.12 acres plus an additional 10 acres. The package also includes a single family home on 2.88 acres for a total of 20 acres. 20 of the lots are filled-16 owned by the seller and 4 owned by the tenants-Security system stays-Water lines changed to copper approximately 10 years ago-90% have PVC replacing clay tile to septic-91% occupancy-Seller owns refrigerator,...This unique mobile home park is ideally located 60 miles directly South of Chicago and only minutes from I-57. This 22 pad community sits on 7.12 acres plus an additional 10 acres. The package also includes a single family home on 2.88 acres for a total of 20 acres. 20 of the lots are filled-16 owned by the seller and 4 owned by the tenants-Security system stays-Water lines changed to copper approximately 10 years ago-90% have PVC replacing clay tile to septic-91% occupancy-Seller owns refrigerator, stove, washer, and dryer in each unit. The property presents as an add-value opportunity through occupancy growth and rent increase.
  1. Listed by Michelle Arseneau • Coldwell Banker Realty

Property Details for 6478 Highway 45

Area
Chebanse
Township
Chebanse
Zoning
OTHER

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute
LISTING UPDATED: 04/22/2024 11:32 AM

Property Details for 6478 Highway 45

StatusActive
MLS #11711865
Days on Market446
Taxes$8,845 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1948
Lot Size20.00 AC / 871,200 SF
CountyKankakee County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 6478 Highway 45

Stories-Residences18Year Built1948Building Size-Lot Size20.00 AC / 871,200 SF

Payment Calculator

$9,469 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$737

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6478 Highway 45

General Information
Addtl Parking Information
  • Open Parking Spaces: 4.0
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Gas
  • Num of Baths: 26.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 1284.6X235.5X259.9X418.1X1024.7X657.9 & 259.9X418.2
  • Stories: 1
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2023-04-19T15:18:24
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $927.00
  • Fuel Expense: $.00
  • Gross Income: $141,580.00
  • Gross Scheduled Income: $139,980.00
  • Insurance Expense: $6,657.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 11665
  • Net Operating Income: $118,502.00
  • Operating Expense: $21,478.00
  • Other Expense: $1,080.00
  • Trash Expense: $5,060.00
  • Water Sewer Expense: $652.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • 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: 0
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 6478 Highway 45

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6478 Highway 45

Taxable ValueLand$90,529Additions-Total$90,529
Tax Record2022$6,776 ($565 / month)
Home Facts
Beds0Lot Size745,747 SqFtStyleResidentialCountyKANKAKEEAPN13-25-06-400-045

Schools near 6478 Highway 45

This home is within Central Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Chebanse Elementary School
PublicK to 4

John L Nash Middle School
Public5 to 8

Central High School
Public9 to 12

Zion Lutheran School
PrivatePK to 8

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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6478 Highway 45 is a multi-family home for sale in Chebanse, IL 60922. This property was listed for sale on February 2, 2023 by Coldwell Banker Realty, it's currently listed at $1,600,000. This listing's school district is Central Community Unit School District 4. Nearby schools include Chebanse Elementary School, John L Nash Middle School and Central High School. 6478 Highway 45 is a 40-bed, 26-bath, multi-family home built in 1948.

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 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.