$525,000

261 Mohawk Dr Bourbonnais, IL 60914

Estimated payment $3,543/month

Total Views 1,524
2 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Thomas Shanley

Horvath & Tremblay IL, LLC License #475207055 Listed on: 10/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,112

Year Built

  • Built in 1985 | Remodeled in 1992

Parking

  • 8 Parking Spaces

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Bathrooms

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,112

Year Built

Built in 1985 | Remodeled in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1992

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner

Exterior Features

  • Construction Materials: Vinyl Siding
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer, Other
  • Heating: Electric
  • Water Source: Private

Fee Information

  • Trash Expense: 1200
  • Trash Expense Year: 2024

Lot Info

  • Lot Dimensions: 15675
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: All

Multi Family

  • Net Operating Income: 31592
  • Insurance Expense: 2750
  • Maintenance Expense: 2500
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,4 Story Unit/s

Tax Info

  • Tax Annual Amount: 9112
  • Tax Year: 2024

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $525,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12488812

Midwest Real Estate Data (MRED)