612 3rd Ave Grand Tower, IL 62942
Estimated payment $1,730/month
About This Home
Welcome to Walker Hill, a multi-family investment opportunity located in the scenic countryside of Grand Tower, IL. Set in a peaceful rural setting, the location offers tenants a quiet lifestyle while giving investors the chance to unlock tremendous value. This property consists of four buildings with a total of 12 units, 10 one-bedroom apartments (including one fully handicap accessible) and 2 two-bedroom units. Each unit features one bathroom, a generously sized pantry, and ample storage space, Currently, four units are occupied while the remaining eight require varying levels of renovations. Currently operating as income-based subsidized housing. 24 hr notice required for showing occupied units. The property includes a coin-operated laundry facility, providing an added income stream for owner and convenience for tenants. The property is currently in foreclosure and is being sold strictly as is. Whether you're expanding your portfolio or searching for your next high-potential project, Walker Hill delivers an all-in-one investment.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Home Design
- 1,250 Sq Ft Home
- Brick Exterior Construction
- Concrete Perimeter Foundation
Utilities
- Central Air
- Separate Meters
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $150
- Fuel Expense $110
- Trash Expense $20
- Water Sewer Expense $120
- Operating Expense $1,900
- Gross Income $2,250
- Net Operating Income $350
Map
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 | -- | $0 | $0 | $0 |
| 2023 | -- | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $4,753 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $4,753 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $400,000 | -- | $320 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: EB457903
APN: 16-25-201-002
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