Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
Elwood, IL 60421,24134 State Route 53 HWY
77
$585,000
$645,000
9.3%
Est.Price: ?

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2.6 Acres Lot

24134 State Route 53 HWY Elwood, IL 60421

Est. payment /mo
SOLD DATE : 04/16/2024

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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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Midwest Real Estate Data (MRED) IDX
Listed by Robert Miller • Vylla Home
Bought with Robert Miller • Vylla Home

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Chad Scott

Agent | License ID: 8665494

+1(262) 331-1621

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