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About the Listing 26778 - 258767,239301
Solid 5-unit investment property with all units currently occupied and producing consistent income. The building brings in $5,700/month ($5,425 in rents + $275 from laundry) with a current NOI of $44,250. Rents are below market, giving the next owner a clear opportunity to increase cash flow over time without needing a heavy lift. Major updates already taken care of, including a new roof and a boiler and water heater both under 10 years old, helping limit near-term capital expenses. This is a strong option for an investor looking for a stable, already-performing property with upside still left in it. On-site laundry adds an additional income stream, and the property is straightforward to manage in its current condition. Whether you plan to hold long-term or gradually raise rents and improve returns, there's room to execute your strategy here. Rent roll and financials available in documents.
Listing Highlights
Status
Pending
Days on Site
38
Property Type
Multi-Family
MLS ®
12624199
Year Built
1935
Total Square Footage
0
Lot/Acreage
0.7
County
Lake
Area
Park City / Waukegan
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 102x301
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $8,274
- Taxes w/Assessments: N/A
- Tax/Property ID: 08322030030000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1425 10th St Waukegan, IL 60085
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