Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
1 Property Within 0.5 miles of: 503-507 Dorchester, Roselle

503-507 Dorchester
Roselle, IL 60172

  • Built In 1985
Price

$3,090,000

Est Payment
$19,498 / month (details)  
Taxes
$38,568  
Type
Mutli Family  
Sq. Ft.
n/a  
Lot Size
219' X 399' X 260' X 723'  
Built
1985  
Neighborhood
Keeneyville / Roselle  
MLS
#10002334
Status
Sold (1/11/2019)

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!

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water
  • Sewer

Additional Information

Sub/Complex
WATERBURY

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

06-26-2018 Listed at $2,899,000
07-12-2018 Status changed to Under Contract
11-13-2018 Price increased by $201,000 to $3,100,000
11-13-2018 Status changed to Active
11-16-2018 Status changed to Under Contract
01-11-2019 Status changed to Closed
01-11-2019 Sold at $3,090,000
Last Modified 1/11/19 1:26 PM

Nearby Transportation

  • Milwaukee West 1.2 mi
  • Hwy IL 390 West 1.0 mi
  • Hwy IL 390 East 1.0 mi
  • Hwy 355 South 4.0 mi
  • I 290 West 4.0 mi
  • Hwy 355 North 4.1 mi
  • I 290 East 4.3 mi
  • Hwy 53 South 4.6 mi
  • Hwy 53 North 4.8 mi
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