25
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Listed by Michael Scanlonof eXp Realty
$775,000
Est. payment /mo
Price Dropped by $25K
3045 BERNICE Road Lansing, IL 60438
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12593028
Year Built 1978
Annual Tax Amount $21,996
Tax Year 2024
Lot Dimensions 9256
Property Sub-Type Multi Family 5+
Property Description
Tremendous rehabbed 6 unit in an awesome apartment community! The current owners have fully renovated 15 of 18 units across this building and two others also available for sale individually or as a package (3061 and 3069 Bernice). Boasting almost $9500 of rental income and a complete tear off new roof this past year along with renovated units to modern standards, this is an unbeatable turnkey investment. Ownership has also installed electric heaters in the units to largely bypass the boilers (still installed but rarely kick on now) to much reduce the expenses. This complex also has a large parking lot with tons of spaces for tenants. This is an investor's dream given the 9%+ cash on cash at asking and turnkey condition.
Location
State IL
County Cook
Rooms
Basement None
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Utilities Available Sewer Connected
View Y/N true
Building
Water Community Water
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Patrick Clarke
Broker | License ID: 471.007683