Estimated payment $2,603/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
- Electric Expense $1,060
- 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
Tax 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.
| 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 |
|---|---|---|---|---|
| 2025 | $2,838 | $368,700 | $25,000 | $343,700 |
| 2024 | $3,086 | $353,300 | $25,000 | $328,300 |
| 2023 | $3,197 | $342,800 | $25,000 | $317,800 |
| 2022 | $3,423 | $331,300 | $25,000 | $306,300 |
| 2021 | $3,163 | $303,700 | $25,000 | $278,700 |
| 2020 | $2,896 | $285,000 | $25,000 | $260,000 |
| 2019 | $2,650 | $272,400 | $25,000 | $247,400 |
| 2018 | $2,722 | $271,500 | $25,000 | $246,500 |
| 2017 | $2,556 | $264,100 | $25,000 | $239,100 |
| 2016 | $2,452 | $266,500 | $25,000 | $241,500 |
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 |
|---|---|---|---|---|
| 07/20/2026 07/20/26 | Price Changed | $349,000 | -2.8% | -- |
| 06/09/2026 06/09/26 | For Sale | $359,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12673136
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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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