Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
Loves Park, IL 61111,535 Pearl Avenue
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$860,000
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Active Under Contract

535 Pearl Avenue Loves Park, IL 61111

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Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12360597

Year Built 1967

Annual Tax Amount $12,623

Tax Year 2024

Lot Dimensions 50X180.2X50X180.2

Property Sub-Type Multi Family 5+

Property Description

Turnkey 11-Unit Investment Opportunity - Prime Location. Rare opportunity to own three adjacent multi-family buildings (11 total units) on a single parcel in a desirable, high-demand neighborhood. Two 4-unit townhouse-style buildings with full basements. One 3-unit ranch-style building-single-level living. All units have adjacent parking for tenant convenience.Excellent rental history and long-term tenants. Major Updates Include: New boilers (2023) in one 4-family building,Commercial-grade gutters and fascia boards (2023), Updated boiler electrical system. 3-family building features electric heat-paid by tenants. Owner provides heat and water for the two 4-unit buildings. New roofs and gutters installed in 2018/2022. All buildings are located within the same complex-easy to manage with no travel between units. Strong cash flow and income potential of up to $165,000/year make this a prime investment opportunity. 531 Pearl Avenue and 535 Pearl Avenue to be sold as a package deal.

Location

State IL

County Winnebago

Interior

Fireplace N

Exterior

View Y/N true


Listed by Jay Dowthard • Gambino Realtors Home Builders

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agent

Nicholas Rhoads

Broker

+1(815) 761-1336

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535 Pearl Avenue