$430,000
$470,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
8,276 Sqft Lot
SOLD DATE : 05/05/2025
Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12052447
Sold Date 05/05/25
Bedrooms 4
Year Built 1907
Annual Tax Amount $7,207
Tax Year 2023
Lot Size 8,276 Sqft
Lot Dimensions .19 ACRES
Property Sub-Type Two to Four Units
Property Description
Investor Opportunity in Elmhurst - Income-Producing Property with Strong Tenant History Whether you're an experienced investor or exploring your first rental property, don't miss this prime income-producing opportunity in the desirable Down-Town Elmhurst market. This one-unit subleased property offers a reliable stream of rental income with a well-established tenant history. The main unit features 3 bedrooms and 2 full bathrooms, making it ideal for long-term renters seeking spacious living accommodations. The second unit is a studio apartment, perfectly suited for additional rental income. Key investment highlights: - Consistent Cash Flow: The current tenant has been subleasing to a second tenant with a long history of on-time rent payments, ensuring steady returns. - Added Convenience: A two-car garage and long driveway offer ample parking, enhancing tenant appeal. - Strategic Location Situated near three major highways, this property provides easy access for commuters. Additionally, it's located within a 10-mile radius of 10 colleges, ensuring a steady pool of potential renters and strong rental demand. Whether you're looking to expand your portfolio or acquire a turnkey investment, this property checks all the boxes. Contact us today to explore this opportunity and secure a reliable income-generating asset in Elmhurst!
Location
State IL
County Dupage
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Water Lake Michigan
Structure Type Stucco
New Construction false
Schools
School District 205, 205, 205
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Madiha Ashar • Platinum Partners Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "