$300,000
$335,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
121 N WATER ST Wilmington, IL 60481
10,327 SqFt
Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,327 sqft
Price per Sqft $29
MLS Listing ID 11624114
Sold Date 10/31/22
Annual Tax Amount $4,202
Tax Year 2020
Lot Dimensions 5395
Property Description
THIS FIVE UNIT INCOME PRODUCER IS ON THE MARKET. TWO THREE BEDROOM REMODELED UPSTAIR UNITS WITH IN UNIT LAUNDRY, ARE CURRENTLY BEING LEASED TO LONG TIME TENANTS ALONG WITH A MAIN LEVEL REAR UNIT, ALL PRODUCING $2800 PER MONTH IN INCOME, TWO VACANT STORE FRONTS ONE AT 1157 S.F IS CURRENTLY SET UP AS TWO OFFICES WITH A RECEPTION AREA, THE OTHER IS 1619 S.F WITH A 3455 S.F. FINISHED BASEMENT AREA TOTALING 6200 S.F CAN ADD $2200 MONTHLY OR A TOTAL ANNUAL INCOME OF $60,000. OR USE IT YOURSELF FOR THAT BUSINESS YOU ALWAYS DREAMED OF. CENTER WALL BETWEEN THE TWO UNITS CAN BE OPENED IF YOU NEED THE ENTIRE 2776 S.F. TOTAL S.F WITH BASEMENT IS OVER 10,000. POSSIBILITIES ARE ENDLESS. BUILDING HAS A RECENT ROOF, FULLY REMODELED APARTMENTS, CENTRAL AIR & HEAT AND ALL UNITS HAVE SEPARATE ELECTRIC.CORNER LOCATION FOR ADDED EXPOSURE, REAR OF THE BUILDING HAS PARKING.OCCUPIED UNITS NEED 48 HOUR NOTICE, STOREFRONTS CAN BE SEEN ANYTIME.
Location
State IL
County Will
Area Wilmington
Zoning OTHER
Interior
Cooling Central Individual
Fireplace N
Building
Level or Stories 2
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Bought with Philip Howell • RE/MAX Top Properties