206 N Chicago Avenue
Elwood, IL 60421
- 4 beds
- 3 baths
- – sqft
- ~1/2 acre lot
- – on site
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**4,000 sq ft of Income-Generating Multi-Unit Building in the Heart of Elwood, Steps from School and Children's Garden** Owner was previously getting $900 for smaller unit in the back, $1,100 for 2 bedroom on the lower level and $1,200 for upper level - that was rented to family for a discount. This multi-unit building offers not just a home, but an income stream with immense potential, making it a sought-after gem for investors. Situated conveniently near the local school and the enchanting butterfly garden, this property combines comfort with a tranquil setting. **Key Features:** **Prime Location**: Located near Elwood School and I-55 - convenient for work commute. **Multi-Unit Layout**: The building consists of well-designed individual units, each offering privacy and comfortable living spaces. With a mix of 2-3 units, there is ample room for various tenant preferences. Each unit features it's own kitchen, living space, laundry and full bathroom. **Income Potential**: This property presents an incredible opportunity for passive income. Whether you're an experienced investor or just starting out, the multi-unit layout allows you to generate steady rental income from multiple tenants. **Convenience and Accessibility**: The property's proximity to local schools, parks, and the highway ensures a convenient lifestyle for tenants. Public transportation options make commuting a breeze. **Community Atmosphere**: Elwood is known for its tight-knit community and friendly atmosphere. Tenants will have the opportunity to engage in local events, meet neighbors, and enjoy the warmth of a close community. **Investor's Dream**: With its strategic location, multi-unit layout, and potential for consistent rental income, this property is an investor's dream come true. Take advantage of the strong demand for rental properties in this desirable neighborhood. Embrace the opportunity to own an income-generating property that combines convenience, nature, and easy living in one remarkable package. Don't miss out on this chance to secure your financial future while providing tenants with an exceptional place to call home. Contact us today to schedule a viewing and explore the potential of this fantastic Elwood multi-unit building near the school and children's garden!
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Last updated Apr 21, 2024
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MLS# 11857702 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/31/23
Oct 31, 2023
|
Sold | MRED | $250,000 | -3.8% |
|
9/28/23
Sep 28, 2023
|
Sold Subject To Contingencies | MRED | $259,900 | |
|
8/11/23
Aug 11, 2023
|
Listed / Active | MRED | $259,900 |