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24134 State Route 53 HWY Elwood, IL 60421
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Key Details
Sold Price $585,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11924681
Sold Date 04/16/24
Year Built 1950
Annual Tax Amount $11,211
Tax Year 2021
Lot Size 2.600 Acres
Lot Dimensions 300X385
Property Description
This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.
Location
State IL
County Will
Area Elwood
Zoning MULTI
Interior
Cooling Central Air, Window Unit(s)
Fireplaces Number 1
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Building
Level or Stories 2
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Bought with Robert Miller • Vylla Home