$89,000
$115,0004 unit investment property with value add potential. Downstairs you'll find a vacant studio with a large kitchen & dining space, and a bathroom ready for updates. Across the hall is a 1 bedroom unit with roughed in plumbing for a kitchen & bathroom. Upstairs is a 1 bedroom that's rented for $550/month until August 2024 and another studio that's rented MTM for $500. Utilities not separated, owner pays all. Avg. utilities cost with building half rented is approx. $415/month. Finish the downstairs one bedroom and rent it and the vacant studio to increase the income on this property. Lower rents and unfinished attic space provide further value add opportunity.
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307 Howard Street, Pontiac, IL 61764 — Livingston County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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