St. Charles, IL 60174
$550,000
Mark Quesada
Broker / Owner
LIC #475144827
Well located BRICK 5-Flat For Sale on northwest side St. Charles. Fully occupied. Current tenant rents range from $750 to $1,200, depending on length of occupancy, and the on-site services tenants provide. A first year tenant pays the highest rent and has the most recently updated apartment. One 15-yr tenant does gardening and another 10-yr tenant mows the yard and plants flowers. All apartments are 1-br 1-bath, each with a storage locker and access to a free single set of washer-dryer and there is a 5-car carport. Value add opportunities... estimated market rents should be $1,400 to $1,500pm. Tenants pay their own electric, but owner pays water, sewer, trash removal, and gas even though the boiler is zoned for each unit. AC is provided by tenant-owned window units. A portion of the carport is within the 100-yr flood plain, but not the residential structure. Building is being sold as-is. Lead-bssed Paint Disclosure on file, seller has no reports or knowledge of the presence of LBP.
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$4,059/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Mark Coleman, Coleman Land Company
MLS# MRD12724269 · Under Contract
History reflects records reported to the MLS and may be incomplete.