524-532 3rd Street, Lincoln, IL 62656 (MLS # 20170587)

Price $375,000
Status Active
Beds 0
Baths 0 bath
Home size 11,592 sq ft
Lot Size n/a
Days on Market 55
Income producing investment property. 16 rental units all located on one parcel. The main portion of the rental opportunity is 2 matching brick buildings with 6 2-bedroom units for a total of 12. 6 of the units are on the upper-level and 6 are on the lower level. The 3rd building on the property is a two story with both 1 bedroom apartments located on the second floor, the first floor level is currently used as storage but could be turned into an additional apartment or laundry facility. The 4th rental unit is a single family 2 bedroom home with an unfinished basement. There is off street parking in the front and the rear of this property. Major interior renovations in the fall of 2015 & the spring of 2016 included New carpet, paint, light fixtures, bathrooms, appliances, some electrical/heating and cooling and Approximately 80% of the plumbing. 13 2-bedroom 850sq. units produce $7150.00 per month and 2 1-bedroom $850.00 per month for a yearly total of $96,000. All lease agreements and security deposits can be provided for lender approval or at the time of an accepted offer.
Property Type(s): Multi Family
Last Updated 10/24/2017 Year Built 1942
Community Logan County County Logan

SCHOOLS

Elementary School Dist 27
Jr. High School Lincoln
High School Lincoln

Additional Details

AIR Central Air, Window Air
AIR CONDITIONING Yes
APPLIANCES Ceiling Fan, Range/Oven, Refrigerator
AREA Logan County
BASEMENT None
CONSTRUCTION Brick, Vinyl
EXTERIOR Fenced Yard
GARAGE None
HEAT Baseboard, Forced Air
INTERIOR None
LOT 0
SEWER Public
TAXES 9500.24
UTILITIES Community System; Public;
WATER Community System
ZONING Residential

Location

 

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