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4608 Grove Avenue
Brookfield IL 60513 US

$874,900

Pending Listing ID 11157502
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Built in 1973
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Other

$874,900

Pending Listing ID 11157502
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4608 Grove Avenue Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86, 000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.

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Property Features

  • Facts
  • Built in: 1973
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C, Wall Unit(s) A/C
  • Exterior Finish: Brick
  • Roof Type: Composition Shingle
  • Heating Systems: Baseboard, Central Furnace, Hot Water
Listing Changed: 9/26/2021 8:35:57 PM GMT
Source Updated Date: 10/21/2021 6:30:10 AM GMT

Courtesy of: Shannon Kutchek, Compass

Listing Source - ListHub

Copyright © 2021 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.