Closed

$645,000

24134 State Route 53 Highway, Elwood, IL 60421
133 days
24134 State Route 53 Highway·Elwood, IL 60421
1950Year Built
About This Home

This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.

MLS# 11924681Listed November 7, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Fireplaces1
Year Built1950
Lot Size2.600 acres

Location

CountyWill
TownshipJackson
Zip Code60421

Financial

List Price$645,000
Annual Taxes (2021)$11,211
Monthly Tax Est.$934
Parcel #1109200015000000
Interior Features

Cooling

Central AirWindow Unit(s)
Utilities & Parking

Water Source

Municipal Water

Electric

Circuit BreakersService - 101 to 200 Amps
Tax & Financial
Annual Taxes
$11,211
Tax Year 2021
Monthly Tax Est.
$934
per month
Property Location

24134 State Route 53 Highway, Elwood, IL 60421Will County

$645,000
24134 State Route 53 Highway
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
133 days on market
1 fireplace
2.600 acres
$11,211/yr taxes
$4,324
estimated monthly payment
Principal & Interest
$3,390/mo
Property Tax
$934/mo
$645,000
20% — $129,000
3%50%
6.875%
3%12%
Loan Amount
$516,000
Down Payment
$129,000

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

Listed by
Vylla Home
Agent: Robert Miller
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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