42.127335 -87.90423

409 Inland Drive, Wheeling, IL 60090

292300910 42.127335 -87.90423 129 /listing/292300910-150416082/409-inland-drive-wheeling-il-60090 False 0 697000.0 101 11047215 False
  • $697,000
  • 45X65 lot
  • Est payment $3741.65/mo

Property & Neighborhood Info

Courtesy Of REDCO, Inc.

Commercial in Wheeling

Solid investment opportunity in a great area and in excellent condition. Six flat brick building - three spacious two bedroom apartment and three spacious one bedroom apartment. Rehabbed in 2018 - new roof and windows, new doors including new balcony doors, new kitchen cabinets, counter-tops and new abt electric appliances, high quality engineered hardwood floors in each apartment, new carpet on the hallways, new paint, and much much more,.. Additional income from coin laundry located on the lower level Individual electric heating system for each unit - tenants pay electric, building is fully occupied by long term tenants. Association includes snow removal, lawn care, parking lots maintenance, and trash service. Separate tax pin number and tax bill for each apartment that can be easily converted back to one property tax pin number. Property taxes can be easily appealed. Don't miss your opportunity to build solid rental income.

Courtesy Of REDCO, Inc.
  1. 45X65 Lot

Main Features

  • Listing Status: For Sale Under Contract
  • Year Built: 1981
  • Floors: 3
  • County: Cook
  • Taxes: $22,268.00
  • Tax Year: 2019
  • Units: 6
  • Zoning: MULTI
  • MLS Number:11047215

Additional Features

  • Cooling:
    • Window Unit(s)
  • Approx Age:
    • 36-50 Years
  • Type:
    • Multi Family 5+
  • Exterior:
    • Brick
  • Outdoor Parking:
    • 6-12 Spaces
  • Electric:
    • Separate Meters
  • Heating System:
    • Electric
  • Township:
    • Wheeling
  • Broker Owned:
    • No
  • Contingency:
    • Attorney/Inspection
  • Gross Income:
    • 78000
  • Monthly Income:
    • 6895
    • 900
  • Net Operating Income:
    • 46672
  • Special Information:
    • List Broker Must Accompany
    • No Sign on Property
  • Status Detail:
    • Contingent
  • Tenant Pays:
    • Electricity
  • Board Code:
    • 10
  • Document Count:
    • 0
  • Electric Exp:
    • 480
  • Fuel Exp:
    • 840
  • Gross Scheduled Income:
    • 82740
  • Insurance Exp:
    • 2400
  • Maintenance Exp:
    • 0
  • Operating Expense:
    • 36068
  • Other Exp:
    • 480
  • Parcel Number:
    • 03123000751004
  • Parking Total:
    • 12
  • Trash Expense:
    • 0
  • Unit 1 Bed Rooms:
    • 1
  • Unit 1 Rooms:
    • 4
  • Unit 2 Bed Rooms:
    • 1
  • Unit 2 Rooms:
    • 4
  • Unit 3 Bed Rooms:
    • 1
  • Unit 3 Rooms:
    • 4
  • Unit 4 Bedrooms:
    • 2
  • Unit 4 Rooms:
    • 5
  • Unit 5 Bedrooms:
    • 2
  • Unit 5 Rooms:
    • 5
  • Unit 6 Bedrooms:
    • 2
  • Unit 6 Rooms:
    • 5
  • Unit 7 Bedrooms:
    • 0
  • Unit 7 Rooms:
    • 0
  • Water Sewer Expense:
    • 4800
  • Lot Size Dim:
    • 45X65
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Fernando Godoy
Fernando Godoy
Real Estate Agent - Realtor®
210 S Milwaukee Ave. Libertyville IL 60048
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42.127335 -87.90423

409 Inland Drive Wheeling, IL 60090

292300910 42.127335 -87.90423 129 /listing/292300910-150416082/409-inland-drive-wheeling-il-60090 False 0 697000.0 101 11047215 False
  • $697,000
  • 45X65 lot
  • Est payment $3741.65/mo