6
See all 6 photos
$860,000
Est. payment /mo
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
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Listed by Jay Dowthard • Gambino Realtors Home Builders