$425,000
SOLD MAR 30, 2026

261 Mohawk Dr Bourbonnais, IL 60914

2 Beds
2 Baths
-- Sq Ft
1985 Built

Sale Details

Date Sold: March 30, 2026

11% Below List Price

141 Days on Market

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Thomas Shanley

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

Last Buyer's Agent

Maggie Rees

Coldwell Banker Realty License #475204746

Coldwell Banker Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,112

Year Built

Built in 1985 | Remodeled in 1992

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1985
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 1992
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • 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: Yes
  • 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/30/2026 03/30/26 Sold $425,000 -10.5% --
02/24/2026 02/24/26 Pending -- -- --
02/04/2026 02/04/26 For Sale $475,000 +11.8% --
02/02/2026 02/02/26 Off Market $425,000 -- --
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)

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12488812

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.