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16601 Jean Lane
Tinley Park IL 60477 US

$700,000

Active Under Contract Listing ID 12013613
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$700,000

Active Under Contract Listing ID 12013613
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16601 Jean Lane Investment Opportunity: 7-Unit Building with Income Potential! 6 one-bedroom units and one 2-bedroom unit(currently owner's unit) Welcome to this fantastic investment opportunity in a prime location! This s building offers a range of features and benefits that make it a standout property for savvy investors. Property Overview: Well-maintained roof, 15-20 years of remaining life Each unit is equipped with its own HVAC system, with most units over 15 years old Compressors in most units are over 15 years old, with one exception Two coin-operated laundry machines in the tenant area, separate laundry space for the owner's unit with additional storage Every tenant enjoys the convenience of a dedicated storage cage or closet No electric access in the garage Rich history: This building has been cherished and maintained by the current owner's family, with strong ties to the community Excellent rental income and likely able to get higher rent: All units are currently rented, with most units leased for $700/month, and one unit commanding $800/month Investment Highlights: This property offers a variety of compelling features for investors: Strong Rental Income: With all units currently rented, you can enjoy immediate cash flow and a steady rental income stream. Owner's Unit: The spacious owner's unit offers the possibility for an owner-occupier to live on-site while benefiting from rental income. Prime Location: Located in a highly desirable area, this property is close to amenities, and transportation. Investment Potential: With some minor updates and maintenance, there is potential to increase rental rates and property value. Turnkey Investment: This property is ready to go, with a well-established rental history and loyal tenants. Don't miss this opportunity to add a promising multi-unit property to your real estate portfolio. Whether you're a seasoned investor or just getting started, this building offers immediate income and long-term potential. Contact us today to schedule a viewing and explore the possibilities this property has to offer. Invest in your future with this exceptional opportunity!

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 700000
  • unparsedaddress: 16601 Jean Lane
  • postalcity: Tinley Park
  • stateorprovince: IL
  • country: US
  • postalcode: 60477
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • listagentfullname: Kelley Clute
  • listagentemail: Kelley@theclutegroup.com;kelley@theclutegroup.com
  • listagentkey: 3yd-MREDIL-167142
  • listagentmlsid: 167142
  • listagentpreferredphone: 7736536306
  • listagentofficephone: 7087981111
  • listofficekey: 3yd-MREDIL-85141
  • listofficemlsid: 85141
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1971
  • listagenturl: http://www.kwyes.com
  • countyorparish: Cook
  • parcelnumber: 28193080130000
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AlternatePrices":[], "Expenses":[], "Taxes":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12013613/?channel=rexren", "LeadRoutingEmail":"kelley@theclutegroup.com", "BrokerName":"Keller Williams Preferred Realty", "ListingTitle":"Commercial Sale - Tinley Park, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"klrw644@kw.com", "ListOfficeAddress1":"16101 108th Ave", "ListOfficeAddress2":null, "ListOfficeCity":"Orland Park", "ListOfficePostalCode":"60467", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Keller Williams Preferred Realty", "ListBrokeragePhone":"(708) 798-1111", "ListBrokerageEmail":"klrw644@kw.com", "ListBrokerageWebsiteUrl":"http://www.kwyes.com", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"16101 108th Avenue", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Orland Park", "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":"60467-5503", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-16T17:14:01Z", "Neighborhoods":[{"Name":"Tinley Park", "Description":null}]}
Listing Changed: 4/16/2024 10:49:06 PM GMT
Source Updated Date: 5/5/2024 6:43:15 AM GMT

Courtesy of: Kelley Clute, Keller Williams Preferred Realty, Kelley@theclutegroup.com;kelley@theclutegroup.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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