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Joseph Mullane

info@joemullane.com +1(847) 845-9672

$ 895,000

Est. payment | -/mo

11 Beds

5 Baths

Save

$ 895,000

Est. payment | -/mo

Save

11 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12695230

Style Other

Bedrooms 11

Year Built 1973

Annual Tax Amount $16,647

Tax Year 2024

Lot Dimensions 58X149

Property Sub-Type Two to Four Units

Property Description

Rare opportunity to acquire a professionally managed and exceptionally well-maintained 4-unit investment property featuring an additional garden/in-law unit and a 4-car garage. This income-producing asset offers strong cash flow with significant rental income (over $9000 a month) and a proven history of reliable, long-term tenants who consistently on time with their rent. The property consists of a spacious 3-bedroom unit renting for $1,900/month, a 1-bedroom unit renting for $1,350/month, two 2-bedroom units renting for $1,700/month and $1,750/month, and a lower-level 3-bedroom garden/in-law unit currently rented for $1,800/month. Additional income is generated from 4 garage spaces ($550 a month) and on-site laundry facilities, which average approximately $200 per month. Tenants are responsible for their own electric service, while other utilities are paid by ownership. Detailed operating expenses and income estimates are available upon request through the listing agent. Recent improvements including a brand-new commercial washer and dryer, newer flooring in select units, newer windows updated A/C units and newer HVAC. Property management is familiar with the building and tenants and is willing to remain in place, providing a seamless transition for a new owner. Whether you are looking to expand your investment portfolio or acquire a stable, income-generating asset with upside potential, this property is a must-see. Schedule your private showing today.

Location

State IL

County Cook

Area Brookfield

Zoning MULTI

Rooms

Basement Finished, Full, Walk-Out Access

Interior

Heating Natural Gas, Baseboard

Fireplace N

Exterior

Exterior Feature Balcony

Garage Spaces 4.0

Community Features Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Landscaped

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer, Overhead Sewers

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

High Schools Lyons Twp High School

School District 103 , 103, 204

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Ana Novakovic of HomeSmart Connect LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 845-9672

info@joemullane.com

4533 Elm AVE Brookfield, IL 60513