Description
Very low operating expenses due to all electric building (tenants pay their own heat and hot water) & low Monee taxes! Excellent 6 unit investment opportunity featuring six 2 bedroom, 1 bath units. This well maintained building has seen many recent updates, with several units rehabbed with newer cabinets, countertops, appliances, flooring, windows and more. New roof in 2018. The property is all electric with heat and hot water paid by tenants, keeping operating expenses low and predictable. There are 7 water heaters, 2 sump pumps, and a fire alarm system connected directly to the fire department. Additional income is generated from the coin operated washer and dryer. Parking is available in both the front and rear of the building, and the property sits on a large yard in a residential neighborhood. Conveniently located near restaurants, shopping, a dollar store, and approximately 2 miles from Amazon within the booming Monee community (new Starbucks and Tractor Supply among other new developments). Strong cash flow potential with low expenses. Owner is a licensed real estate agent.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 6,984
County: Will
Listed By:
Landmark Property Management, Inc.
312-313-8553
MRED MLS
MLS ID: 12604702
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26045 S Oak Road, Monee, IL 60449.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $895,900 | $895,900 | $895,900 |
| Down Payment | $179,180 | $31,357 | $223,975 |
| Monthly Mortgage Amount | $4,240 | $5,345 | $5,490 |
| Taxes | $1247 | $1247 | $1247 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $537 | $0 |
| Monthly Estimated Total | $5,748 | $7,390 | $6,998 |