501 W Comanche Ave Shabbona, IL 60550
Estimated payment $3,523/month
Highlights
- Hot Property
- Indian Creek Elementary School Rated A-
- Floor Furnace
About This Home
Excellent opportunity to own an 8-unit multifamily property in charming Shabbona, Illinois-just minutes from scenic Shabbona Lake State Park. This well-maintained, two-story building features eight spacious 2-bedroom, 1-bath units-four on the first floor and four on the second. Each unit is individually metered with separate furnaces, water heaters and washer/dryer allowing for reduced owner expenses. Tenants pay their own water, electricity, and gas, making this an ideal low-overhead investment. The property is conveniently located near outdoor recreation and local amenities, attracting long-term tenants and vacationers alike. Strong rental potential in a quiet, desirable area. Whether you're a seasoned investor or just entering the multifamily market, this property offers stable income and future upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,781
Year Built
- Built in 1992
Lot Details
- Lot Dimensions are 180x130.75x46.95x100x43.33x17x86
- Property fronts a highway
Parking
- 13 to 18 Parking Spaces
Home Design
- Composition Roof
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Utilities
- Window Unit Cooling System
- Floor Furnace
Community Details
Overview
- Association fees include exterior maintenance, lawn care, snow removal
- 8 Units
Building Details
- Insurance Expense $3,044
- Other Expense $5,785
- Trash Expense $960
- Operating Expense $8,693
- Gross Income $50,500
- Net Operating Income $41,857
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,196 | $119,445 | $36,007 | $83,438 |
| 2023 | $9,196 | $110,771 | $33,392 | $77,379 |
| 2022 | $8,997 | $107,410 | $32,379 | $75,031 |
| 2021 | $8,848 | $101,226 | $30,515 | $70,711 |
| 2020 | $8,597 | $95,912 | $28,913 | $66,999 |
| 2019 | $8,352 | $92,312 | $27,828 | $64,484 |
| 2018 | $7,573 | $88,455 | $26,665 | $61,790 |
| 2017 | $7,221 | $83,134 | $25,061 | $58,073 |
| 2016 | $6,982 | $79,844 | $24,069 | $55,775 |
| 2015 | -- | $75,325 | $22,707 | $52,618 |
| 2014 | -- | $74,668 | $22,509 | $52,159 |
| 2013 | -- | $76,843 | $23,165 | $53,678 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $430,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12408343
APN: 13-14-302-001
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