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24134 State Route 53 Highway

Elwood, IL 60421
  • $645,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 11924070
UPDATED: 95 min ago
$645,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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24134 State Route 53 Highway Elwood, IL 60421

  • Price: $645,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 95 min ago
  • MLS #: 11924070
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Elwood
County:
Will
Area:
Elwood
Property Description
This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.
Exterior Features

Frontage Type State Road Outdoor Parking 19-30 Spaces Parking Total 25

Interior Features

Cooling Central AirWindow Unit(s) Heat Ventilation Forced AirGas Miscellaneous Inside Storage Inside Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 14254 Electric Circuit BreakersService - 101 to 200 Amps Fire Protection None Gross Income 113220 Gross Scheduled Income 113220 Insurance Expense 0 Leasable Area 0 Location Mixed Use Area Mls Actual Status Active Net Operating Income 88000 Operating Expense 18000 Property Offered For Sale Only Property Sub Type Other Rental Price 9400 Tax Annual Amount 11211 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeatSewerVaries by Tenant Total Monthly Income 9435 Township Jackson Type Retail/Stores Utilities Sanitary SewerWater-Municipal Zoning MULTI

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Vylla Home: 877-331-2773.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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