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About the Listing 30286 - 72447,99999
Exceptional investment opportunity featuring two well-maintained buildings comprised of one 4-unit building and one 8-unit building. Seven units have been fully remodeled with many modern updates, while four additional units are currently leased and producing steady income. All units are on 1 year lease with security deposits. One remaining vacant unit presents a prime value-add opportunity for renovation and increased rental revenue. Steady occupancy with some long term tenants. Each building has a laundry room with 2 separate coin operated W/Ds. The property also includes a 12-unit storage building, generating additional revenue with four units currently leased at $75 per month. The remaining eight units present a clear lease-up opportunity, allowing a new owner to significantly increase ancillary income and boost overall cash flow with minimal capital investment. Recent capital improvements include new roofs on both buildings at an approximate cost of $75,000, and seven numerous unit updates, reducing future maintenance expenses and enhancing long-term asset stability. This property offers a compelling combination of stabilized income, proven upgrades, and multiple avenues for revenue growth. An outstanding opportunity for investors seeking a high-performing asset with both immediate returns and long-term appreciation potential. All information deemed reliable but not guaranteed.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Small Duct High Velocity
- Heating: Electric
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: .78
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Open,Paved,Private Lot,Parking On-Site
Financial Details
- Tax Amount: $8,761
- Taxes w/Assessments: N/A
- Tax/Property ID: 0604201023
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
106 108 S 3rd Ave Mendota, IL 61342
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