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About the Listing 70587 - 706606
This two unit corner lot property at 1179 South Schuyler offers a well maintained investment with updates completed within the last three years to both 2 bedroom, 1 bath units. The bottom unit is leased at 1,000 dollars per month on a year lease, while the top unit currently rents month to month at 800 dollars and will soon turn over, presenting an opportunity to reset terms and add water and sewer responsibility for the incoming tenant. The building features a flat roof just three and a half years old, along with durable vinyl siding and vinyl windows, electric heat upstairs, and forced air heat downstairs, all on separate electric meters. Each unit boasts its own private front porch, offering a shaded and peaceful spot to relax. A single car garage, accessible from both the front and alley, is not currently used by either tenant and offers additional rental income potential as storage space, and an adjacent extra lot is available to bundle with the sale for even more flexibility. Within walking distance to the local farmers market and close to the upcoming river project, this property combines strong cash flow with genuine long term upside, making it a solid addition to any investment portfolio.
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: 1 car
- Parking Spaces: 5
- Lot Dimensions: 90x50
- Roof:
- Others:
- Sewer: Septic-Mechanical,Public Sewer
- Parking Features: Yes,Detached,Garage
Financial Details
- Tax Amount: $1,975
- Taxes w/Assessments: N/A
- Tax/Property ID: 161705319017
- Tax Year: 2024
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Monthly Payment
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1179 S Schuyler Ave Kankakee, IL 60901
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