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    4020 216th Street

    Matteson, IL 60443
    • $415,000
    • STATUS: Active Under Contract
    • ON SITE: 19 days
    • MLS #: 11099031
    Under Contract
    $415,000
    • 9
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    School District:
    162

    Description

    Fully updated & fully leased brick 4-unit offered @ 9% cap rate! Four 2bd/1ba units and one 3bd/1ba unit, all rented on 12-month leases with fantastic tenants. All units have eat-in kitchen and their own furnace, A/C, water heater, 125amp electric panel, and electric bill (including heat). Upper units have large balconies. Big-ticket capital improvements are all done - tear-off roof and gutters done in 2021, new windows throughout in 2015, tuckpointing 2013; kitchens, bathrooms, flooring, and some mechanicals have been updated in the past 10 years, and parking lot is in great shape. Additional income from coin-op laundry on 1st floor. Comcast security cameras inside and out. All municipal inspections are up to date. Building is in a highly rentable location, less than one mile to Metra station, 3 miles to I-57, 1 mile to shopping and restaurants along Route 30, and very close to elementary, middle, and high schools. Save THOUSANDS in upfront costs with special financing; inquire for details!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-15T23:52:56.88 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    4020 216th Street Matteson, IL 60443

    • Price: $415,000
    • Status: Active Under Contract
    • MLS #: 11099031
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1980
    Built
    Neighborhood:
    Matteson
    County:
    Cook
    Area:
    Matteson
    Elementary School:
    Sauk Elementary School
    Middle School:
    Illinois School
    High School:
    Rich Central Campus High School
    School District:
    162
    Property Description
    Fully updated & fully leased brick 4-unit offered @ 9% cap rate! Four 2bd/1ba units and one 3bd/1ba unit, all rented on 12-month leases with fantastic tenants. All units have eat-in kitchen and their own furnace, A/C, water heater, 125amp electric panel, and electric bill (including heat). Upper units have large balconies. Big-ticket capital improvements are all done - tear-off roof and gutters done in 2021, new windows throughout in 2015, tuckpointing 2013; kitchens, bathrooms, flooring, and some mechanicals have been updated in the past 10 years, and parking lot is in great shape. Additional income from coin-op laundry on 1st floor. Comcast security cameras inside and out. All municipal inspections are up to date. Building is in a highly rentable location, less than one mile to Metra station, 3 miles to I-57, 1 mile to shopping and restaurants along Route 30, and very close to elementary, middle, and high schools. Save THOUSANDS in upfront costs with special financing; inquire for details!
    Exterior Features

    Exterior Building Type Brick Exterior Features BalconyPatioStorms/Screens Foundation Details Concrete Perimeter Is Parking Includedin Price Yes Lot Features Corner LotOutdoor LightingSidewalksStreetlights Number Of Cars 6 Parking Space/S Parking Features AssignedParking Lot Parking On Site Yes Parking Ownership Owned Parking Total 6 Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorDishwasherCentral Air ConditionerGarage/Space Appliances Features Unit2 StoveRefrigeratorDishwasherCentral Air ConditionerGarage/Space Appliances Features Unit3 StoveRefrigeratorDishwasherCentral Air ConditionerGarage/Space Appliances Features Unit4 StoveRefrigeratorDishwasherCentral Air ConditionerGarage/Space Basement None Basement Bathrooms YN No Basement Description None Bath Amenities Soaking Tub Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 9 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating ElectricForced AirIndv Controls Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 3 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 4 Number Of Rooms Unit2 4 Number Of Rooms Unit3 5 Number Of Rooms Unit4 4 Other Equipment Security SystemCo Detectors Room Type Workshop Rooms Total 17

    Property Features

    Additional Parcels YN No Age Description 41-50 Years Built Before1978 YN No Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Matteson General Information School Bus ServiceCommuter BusCommuter TrainInterstate Access Gross Income 55740 Insurance Expense 1677 Lease Exp Date Mo Yr Unit1 10/21 Lease Exp Date Mo Yr Unit2 11/21 Lease Exp Date Mo Yr Unit3 6/21 Lease Exp Date Mo Yr Unit4 2/22 Lot Size .25-.49 Acre Lot Size Dimensions 13918 SQ FT Net Operating Income 37191 New Construction YN No Other Addl Income Coin Laundry Other Expenses 1768 Property Sub Type 4 Flat Rebuilt YN No Rehab YN No Security Deposit Unit1 1000 Security Deposit Unit2 800 Security Deposit Unit3 1300 Security Deposit Unit4 1025 Sewer Public Sewer Special Assessments N Special Listing Conditions List Broker Must Accompany Special Service Area N Tax Annual Amount 12404 Tax Year 2019 Tenant Pays Unit1 ElectricHeat Tenant Pays Unit2 ElectricHeat Tenant Pays Unit3 ElectricHeat Tenant Pays Unit4 ElectricHeat Total Rental Income 55020 Unit1 Rent 1150 Unit2 Rent 1085 Unit3 Rent 1300 Unit4 Rent 1050 Water Sewer Expense 1080 Water Source Lake MichiganPublic Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Elite.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-15T23:52:56.88 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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