ClosedPrice Reduced

$470,000

$490,000
125 North Avenue, Elmhurst, IL 60126
4 Beds3 Baths98 days
125 North Avenue·Elmhurst, IL 60126
4Bedrooms
3Bathrooms
1907Year Built
About This Home

Investor Opportunity in Elmhurst - Income-Producing Property with Strong Tenant History Whether you're an experienced investor or exploring your first rental property, don't miss this prime income-producing opportunity in the desirable Down-Town Elmhurst market. This one-unit subleased property offers a reliable stream of rental income with a well-established tenant history. The main unit features 3 bedrooms and 2 full bathrooms, making it ideal for long-term renters seeking spacious living accommodations. The second unit is a studio apartment, perfectly suited for additional rental income. Key investment highlights: - Consistent Cash Flow: The current tenant has been subleasing to a second tenant with a long history of on-time rent payments, ensuring steady returns. - Added Convenience: A two-car garage and long driveway offer ample parking, enhancing tenant appeal. - Strategic Location Situated near three major highways, this property provides easy access for commuters. Additionally, it's located within a 10-mile radius of 10 colleges, ensuring a steady pool of potential renters and strong rental demand. Whether you're looking to expand your portfolio or acquire a turnkey investment, this property checks all the boxes. Contact us today to explore this opportunity and secure a reliable income-generating asset in Elmhurst!

MLS# 12052447Listed January 9, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms3
Total Rooms10

Size & Structure

Garage Spaces2
Year Built1907
Lot Size0.190 acres

Location

CountyDuPage
TownshipAddison
Zip Code60126

Financial

List Price$470,000
Original Price$490,000
Annual Taxes (2023)$7,207
Monthly Tax Est.$601
Parcel #0336312030
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Stucco
Utilities & Parking

Water Source

Lake Michigan

Parking

Garage Door OpenerOn SiteGarage OwnedDetachedDrivewayOwnedGarage
Tax & Financial
Annual Taxes
$7,207
Tax Year 2023
Monthly Tax Est.
$601
per month
Price Reduced by $20,000
Original list price: $490,000
Property Location

125 North Avenue, Elmhurst, IL 60126 — DuPage County

$470,000
125 North Avenue
4 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
98 days on market
2-car garage
0.190 acres
$7,207/yr taxes
Price reduced $20,000
$3,071
estimated monthly payment
Principal & Interest
$2,470/mo
Property Tax
$601/mo
$470,000
20% — $94,000
3%50%
6.875%
3%12%
Loan Amount
$376,000
Down Payment
$94,000

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

Listed by
Property Solutions Group, LLC
Agent: Adam Garza
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