$3,090,000
$3,100,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
503-507 DORCHESTER CT Roselle, IL 60172
2.95 Acres Lot
Key Details
Sold Price $3,090,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10002334
Sold Date 01/11/19
Year Built 1985
Annual Tax Amount $38,568
Tax Year 2017
Lot Size 2.950 Acres
Lot Dimensions 219' X 399' X 260' X 723'
Property Description
Rare opportunity to get a 24 unit, multi-family apartment building in Roselle! Great return on investment - highly rentable area. 100% Occupied - Fully Rented! Ten units are 1 bed, 14 units are 2 beds. NEW Roof, NEW Gutters & NEW Fascia in 2018, NEW Railings in 2018. Exterior newly painted in 2018. 3 parking lots for the building - provides ample parking spaces for tenants! Rents could be raised with units more updated. Note: one tenant is a handy man who keeps an eye on the building in exchange for a discount on the rent (he is paid for actual repairs). This is a large rental complex where the rent for the same 1 bedroom model is $1000-1050; the rent for a 2 bedroom, same model, more updated, is $1250-1350. Tenants pay their own heat, AC & electricity. "Other" expenses are for snow removal, lawn mowing & security system. Coin laundry in building - provides additional revenue not included in rent roll. Units are all in good working order. Excellent cash flow. Make an offer today!
Location
State IL
County Du Page
Area Keeneyville / Roselle
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Building
Level or Stories 2
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Bought with Baird & Warner