5
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Listed by Varun Malhotraof Listing Leaders Northwest, Inc
-
Est. payment /mo
Price Dropped by $76K
2717 Galilee AVE Zion, IL 60099
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12676164
Year Built 1958
Annual Tax Amount $8,490
Tax Year 2024
Lot Dimensions 48x139
Property Sub-Type Multi Family 5+
Property Description
This well-maintained six-unit multifamily property has been extensively improved through proactive ownership and ongoing capital investments. Significant upgrades include building-wide ventilation improvements, electrical repairs, plumbing enhancements, water heater replacement, heating system repairs, and common area maintenance. Several units have been renovated following tenant turnover, including interior updates, painting, safety upgrades, and mechanical improvements. Additional investments include the installation of new sump pumps, smoke and carbon monoxide detectors, and various preventative maintenance projects designed to improve long-term reliability and tenant satisfaction. The property has been professionally maintained with a focus on preserving the building's infrastructure while minimizing deferred maintenance. Recent improvements to major building systems help reduce near-term capital expenditure needs and provide confidence for future ownership. With stable occupancy, consistent rental income, and numerous recent upgrades, this property offers investors a turnkey opportunity with strong cash flow potential and long-term value. The combination of recent capital improvements, maintained building systems, and reliable tenancy makes this an attractive addition to any multifamily portfolio.
Location
State IL
County Lake
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
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Patrick Clarke
Broker | License ID: 471.007683