St. Charles, IL - Multi-unit property with GREAT Cash Flow! Current owner calls this his Private Bank!

$287,000, St. Charles, 6 Beds - $33,600 Gross Annual Rents when you buy this property as an investment. Occupy the entire 1st Floor with Garage and let the $24,000 a year income pay your mortgage!

  $287,000

Multi Family
6 Bedrooms
3 Full Bathrooms
1 Half Bathroom
4 Units
MLS #: 08338783


More Information

Buy this 2-flat and Live 'Rent Free'

Where YOU can Live 'Rent Free'?
 
Live on the 1st floor and collect rents of $2,000/mo to pay your mortgage.  This 2-unit property with a basement efficiency apartment is the perfect property to buy to live in and start your investment portfolio. The 3rd floor finished attic area has a carpeted flooring, bedroom and a walk-in closet. The 2nd floor unit has 3 bedrooms and 1 1/2 bathrooms.
 
Detailed Description of Each Floor
 
The owner is a retired Professional Design/Construction Civil Engineer.  Quality and care have been used in working on this building.
The Main/First Floor was extensively remodeled in 2004 and was previously occupied by owners.  Condo-like, it has a new kitchen with all new cabinets and appliances including gas stove, refrigerator, dishwasher and laundry units.  New carpet and paint throughout.
The dining and living room are joined with beautiful French doors, large convenient bedroom, large storage room and entrance porch.  Two portable window air conditioners are included and installed during the summer months for this unit only.
The Second Floor has three furnished (single bed & dresser) private bedrooms for single working women.  Common area is shared, comprising: kitchen area with fridge, microwave and dish/food storage cabinets, two bathrooms with toilets, and one each bar sink and shower.  Bath storage closet is furnished with ironing board, step stool and vacuum cleaner.  Storage for second floor is the entrance hall cabinets.
The Attic has gas wall heater, bedroom with bed and dresser, walk in closet, refrigerator, and large 3-gable central floor area.  This unit shares the second floor common area.
The Basement has private entrance, full kitchen, laundry, L-shaped living/bedroom, bath with shower and limited storage.

Photos

                                

Features

  • Multi Family
  • Cash Flow of $33,600/year
  • Desireable School District
  • Location, Location, Location!

Interested? See more information or schedule showing

For more information, contact (630) 377-7725

Agent photo   Randy Schulenburg

Schulenburg Realty, Inc.
Phone:(630) 377-7725

Listing agent/broker:
Schulenburg Realty, Inc.
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