ClosedPrice Reduced

$658,999

$659,000
516 MICHIGAN Court, Addison, IL 60101
21 days
516 MICHIGAN Court·Addison, IL 60101
1978Year Built
About This Home

HIGHEST AND BEST IS 5:30 PM January 11, 2024. ALL SHOWING WILL START PROMPLY AT 2PM AND END AT 3PM JANUARY 10TH. WE HAVE A LARGE AMOUNT OF PEOPLE ATTENDING. Great DuPage County Building with no association. Building has (3) 2 bedrooms and (2) 2 bedrooms. Unit number 1 is a much larger unit with 1.1 bathrooms and approximately 1400SF with a tenant that has occupied for over 30+ years and helps with interior and exterior maintenance. Unit #5 has been completely updated in April 2023. Unit 3 lease expires April 2024 and could get more for rent if buyer wishes. New roof and gutters and downspouts installed 2022, new windows throughout building in October 2023. Brick tuck-pointing in great condition. HWT less than 7-years old. Coined washer and dryer, for extra income, is less then 4 years old. Boiler is aged but is still working great and has been certified by our HVAC contractor. Main boiler pump just was replaced September 2023 along with (1) other pump. All other units are in good clean condition with most having hardwood flooring. Building is well maintained inside and out. Sellers hate to sell but due to unforeseen issues with the sellers, our loss is your gain. Tenants pay electric with separate meters and breaker panels in each unit. Each unit has (2) assigned parking places which have been freshly striped in July 2023. Property is located within a cul de sac, quiet area and building backs up to Fullerton Elementary School. Sellers received a 2-year waiver from The Village of Addison for their yearly inspection due to the great condition and upkeep of this building. Sellers are currently accepting offers. However, we are requesting all interesting buyers to submit offers to email address in agents remarks section. Only drive-by inspection for now. DO NOT, I REPEAT, DO NOT ATTEMP TO BOTHER TENANTS. THEY ARE NOT AWARE AS OF YET THE BUILDING IS BEING SOLD. WE ARE TRYING TO CORDINATE WITH TENTANTS FOR ALL SHOWINGS OF ENTIRE BUILD AND UNITS BETWEEN 2-3 PM ON JANUARY 10, 2024, AT WHICH TIME WILL ASK FOR HIGHEST AND BEST OFFERS. BUILDING WILL BE A GREAT INVESTMENT WITH A NICE NET ANNUAL INCOME. WATER BILL CONTAINS GARBAGE BILL WITH (1) DUMPSTER.

MLS# 11950895Listed December 22, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Fireplaces0
Year Built1978
Lot Size0.200 acres

Location

CountyDu Page
Zip Code60101

Financial

List Price$658,999
Original Price$659,000
Annual Taxes (2022)$10,582
Monthly Tax Est.$882
Parcel #0333201015
Interior Features

Cooling

Window Unit(s)
Exterior & Lot

Construction

Brick

Roof

CompositionFiberglass

Foundation

Concrete Perimeter
Utilities & Parking

Electric

Separate Meters
Tax & Financial
Annual Taxes
$10,582
Tax Year 2022
Monthly Tax Est.
$882
per month
Price Reduced by $1
Original list price: $659,000
Property Location

516 MICHIGAN Court, Addison, IL 60101Du Page County

$658,999
516 MICHIGAN Court
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
21 days on market
0.200 acres
$10,582/yr taxes
Price reduced $1
$4,345
estimated monthly payment
Principal & Interest
$3,463/mo
Property Tax
$882/mo
$658,999
20% — $131,800
3%50%
6.875%
3%12%
Loan Amount
$527,199
Down Payment
$131,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
CNB Property Consultants, Inc
Agent: David Pokorny
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