Elwood, IL 60421,206 N Chicago AVE
Elwood, IL 60421,206 N Chicago AVE
2
$250,000
$259,900
3.8%
Est.Price: ?

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4 BD

206 N Chicago AVE Elwood, IL 60421

Est. payment /mo
SOLD DATE : 10/31/2023

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Key Details

Sold Price $250,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11857702

Sold Date 10/31/23

Bedrooms 4

Annual Tax Amount $4,120

Tax Year 2022

Lot Dimensions 150X74X151X74

Property Description

**4,000 sq ft of Income-Generating Multi-Unit Building in the Heart of Elwood, Steps from School and Children's Garden** Owner was previously getting $900 for smaller unit in the back, $1,100 for 2 bedroom on the lower level and $1,200 for upper level - that was rented to family for a discount. This multi-unit building offers not just a home, but an income stream with immense potential, making it a sought-after gem for investors. Situated conveniently near the local school and the enchanting butterfly garden, this property combines comfort with a tranquil setting. **Key Features:** **Prime Location**: Located near Elwood School and I-55 - convenient for work commute. **Multi-Unit Layout**: The building consists of well-designed individual units, each offering privacy and comfortable living spaces. With a mix of 2-3 units, there is ample room for various tenant preferences. Each unit features it's own kitchen, living space, laundry and full bathroom. **Income Potential**: This property presents an incredible opportunity for passive income. Whether you're an experienced investor or just starting out, the multi-unit layout allows you to generate steady rental income from multiple tenants. **Convenience and Accessibility**: The property's proximity to local schools, parks, and the highway ensures a convenient lifestyle for tenants. Public transportation options make commuting a breeze. **Community Atmosphere**: Elwood is known for its tight-knit community and friendly atmosphere. Tenants will have the opportunity to engage in local events, meet neighbors, and enjoy the warmth of a close community. **Investor's Dream**: With its strategic location, multi-unit layout, and potential for consistent rental income, this property is an investor's dream come true. Take advantage of the strong demand for rental properties in this desirable neighborhood. Embrace the opportunity to own an income-generating property that combines convenience, nature, and easy living in one remarkable package. Don't miss out on this chance to secure your financial future while providing tenants with an exceptional place to call home. Contact us today to schedule a viewing and explore the potential of this fantastic Elwood multi-unit building near the school and children's garden!

Location

State IL

County Will

Area Elwood

Rooms

Basement None

Interior

Heating Natural Gas

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Community Features Sidewalks

Waterfront false

Roof Type Asphalt

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Elwood C C School

Middle Schools Elwood C C School

High Schools Joliet Central High School

School District 203 , 203, 204

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Rachael Gish • Keller Williams Experience
Bought with Francisco Perez • Coldwell Banker Realty

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Chad Scott

Agent | License ID: 8665494

+1(262) 331-1621

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