261 Mohawk Dr Bourbonnais, IL 60914
Estimated payment $3,297/month
About This Home
Excellent investment opportunity with this fully electric 4-unit multifamily building, featuring spacious 2-bedroom, 1.5-bath units in a desirable and high-demand rental area. Tenants pay all there own utilities which is a great addition to this deal. The building has well below market rent so you would have the ability to increase rents to market rents immediately. NEW Parking lot was done in 2024 with 8 total parking spots. Building sits on a big parcel in which you have the ability to development an additional 4 units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,112
Year Built
- Built in 1985 | Remodeled in 1992
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Bathrooms
Parking
- 8 Parking Spaces
- Parking Available
Utilities
- Heating Available
- Private Water Source
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $2,750
- Maintenance Expense $2,500
- Trash Expense $1,200
- Net Operating Income $31,592
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2026 02/24/26 | Pending | -- | -- | -- |
| 02/04/2026 02/04/26 | For Sale | $475,000 | 0.0% | -- |
| 02/02/2026 02/02/26 | Off Market | $475,000 | -- | -- |
| 01/26/2026 01/26/26 | For Sale | $475,000 | 0.0% | -- |
| 01/06/2026 01/06/26 | Pending | -- | -- | -- |
| 12/17/2025 12/17/25 | Price Changed | $475,000 | -9.5% | -- |
| 11/18/2025 11/18/25 | For Sale | $525,000 | 0.0% | -- |
| 10/17/2025 10/17/25 | Pending | -- | -- | -- |
| 10/06/2025 10/06/25 | For Sale | $525,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12488812
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.