Estimated payment $2,616/month
Highlights
- Courtyard
- Storage Room
- Baseboard Heating
- Laundry Room
- Central Air
About This Home
Investment Opportunity - Well-Maintained 5-Unit Brick Apartment Building! Excellent income-producing opportunity with a strong long-term rental history. This solid brick 5-unit apartment building features three spacious 2-bedroom units and two 1-bedroom units, providing a desirable unit mix for tenants. All apartments are currently rented. The property includes 6 garage spaces, with each tenant having access to a garage, plus an additional garage and storage area that can be utilized by the owner or rented for additional income. Tenants enjoy a large shared courtyard, on-site coin-operated laundry, and ample outdoor space on this 1.5 acre property. Utilities are tenant-friendly, with electricity paid by tenants, while the owner covers water, sewer, and garbage expenses. The roof was replaced approximately 10 years ago, adding to the property's overall appeal and value. Whether you're expanding your investment portfolio or seeking a stable, income-generating property, this well-maintained apartment building offers consistent rental demand and excellent upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,135
Lot Details
- 1.5 Acre Lot
- Lot Dimensions are 230x301x230x301
Parking
- 6 to 12 Parking Spaces
Home Design
- Gable Roof Shape
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Storage Room
- Laundry Room
Outdoor Features
- Courtyard
Utilities
- Central Air
- Baseboard Heating
Listing and Financial Details
- The owner pays for trash collection, sewer, water
Community Details
Overview
- Association fees include water, parking, lawn care
- 5 Units
Building Details
- Insurance Expense $3,904
- Maintenance Expense $221
- Trash Expense $595
- Water Sewer Expense $5,982
- Operating Expense $18,835
- Gross Income $37,740
- Net Operating Income $18,905
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/09/2026 06/09/26 | For Sale | $359,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12673136
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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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.