Excellent Investment Opportunity! Large 6 unit; 4 - 2 bedroom units and 2 - 1 bedroom units and private parking. Laundry on site -- current owner has free washing machine with $1.50 to dry - another untapped source of revenue. Actual gross rents and dryer funds are $77,580 with room for an additional 6% in increases ($4,620.) Quiet building with long term tenants and all mechanicals in tip top shape. Mansard section of roof and painting of trim around windows is scheduled to be completed prior to closing, however, seller will credit the $12,500 in their repair fund and allow new buyer to use their own tradesmen. No HOA - owner makes all decisions relative to building, grounds and tenants.
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For more information about 1300 Getzelman, Elgin, IL 60123 contact Corcoran Urban Real Estate.
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