Amazing rare opportunity to own an income generating investment property in Montgomery. Beautiful building on over 1 acre of land, partially wooded. Unit 1 rent under market value as they are responsible for exterior maintenance. Seller willing to credit the shortage ($200/mo) for the remainder of the lease. Unit 2 is beautifully updated and well maintained. Would work perfectly as a starter home for an owner occupant. Move into Unit 2 and nothing to do but collect rent on Unit 1. Or for investors, continue to collect income from both units, hassle-free. Heated floors throughout most of both of the apartments. Window A/C for Unit 1 and ductless mini split with attic condenser for Unit 2. Newer boiler & roof. Large unfinished basement, plenty of room for washer/dryers (currently tenant owned) and storage. Professionally waterproofed in July 2019. Convenient location, easy walk to river. Don't miss this opportunity!
Property Map
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Property Details
Utilities
Heating Radiant, 2+ Sep Heating Systems
Cooling
Water Lake Michigan, Public
Sewer Sewer-Public
Additional Information
Parking
Garage On Site, Owned
Payment Calculator
Listing History
07-21-2019
Listed at $280,000
08-16-2019
Price decreased by $10,000 to $270,000
09-04-2019
Price decreased by $15,000 to $255,000
12-16-2019
Status changed to Under Contract
02-03-2020
Status changed to Closed
01-31-2020
Sold at $258,000
Last Modified 2/3/20 8:37 PM
Nearby Transportation
Hwy 56 East
4.4 mi
I 88 East
4.4 mi
I 88 West
4.4 mi
Hwy 56 West
4.4 mi
For More Information
(312) 528-9200
For more information about 157 Sherman, Montgomery, IL 60538 contact Corcoran Urban Real Estate.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
