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Listing Details

244-262 Cedar Galesburg, 61401
$155,000
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Investor Alert! Rental Complex consisting of one Four-Plex and one Duplex for a total of 5 rented units and a 6th unit with potential that requires some work. Basement storage in both structures, one 2-car garage, and one 1.5-car garage. Four-Plex includes coin operated laundry for additional income. Well maintained and operated investment property.

Square Feet: Bedrooms: 5

Listing

Listing Price:155000
Address Direction:N
List Date:2021-12-17
MLS #:Ca1011682
Year Built:1932
Zoning:R-3A
Legal Description:Bergen & Sisson's Sd Lots 5, 6, 7 & 8 Blk 6 Lot 11 & Vac Alley, And Ex N 8 Rds Lots 1 & 2 Blk 6.

Location

Address Number:244-262
Address Street:Cedar
City:Galesburg
State:Il
Zip:61401
Address:244-262 N Cedar Street
County:Knox
Elementary School:Steele
Middle School:Lombard
High School:Galesburg
Subdivision:Bergen

Income

Sale/Rent:For Sale
U1 $ Rent:500
U2 $ Rent:500
U3 $ Rent:400
U4 $ Rent:400
Gross Annual Rent Income:21600
Misc Annual Income:600
Gross Annual Income:22200
Net Operating Income:16773
TENANT PAYS:Gas &Amp; Electric

Dwelling

Total # Units:5
Total # Water Heaters:3
Total # Heating Units:6
Total # Central Air Units:3
Total SQFT:4880
U1 Bedrooms:2
U1 Full Baths:1
U2 Bedrooms:2
U2 Full Baths:1
U3 Bedrooms:1
U3 Full Baths:1
U4 Bedrooms:1
U4 Full Baths:1
U1 Fireplace (Y/N):N
U2 Fireplace (Y/N):N
U3 Fireplace (Y/N):N
U4 Fireplace (Y/N):N
GARAGE/PARKING:Alley,Detached,Guest Parking,On-Street Parking,Other Garage/Parking
BASEMENT:Crawl Space,Full,Partial,Brick,Unfinished
HEATING/COOLING:Forced Air,Gas,Central Air,Water Heater - Gas
WATER/SEWER:Public Sewer,Public Water
LAUNDRY FACILITIES:Common,Owned Equipment

Taxes / Expenses

Parcel ID#/Tax ID:9910451016/015
Insurance Expense:1659
Electric Expense:750
Gas Expense:750
Water/Sewer Expense:1020
Annual Taxes:1546.78
Tax Year:2020
TAX EXEMPTIONS:None

Interior

# Ranges:5
# Refrigerators:5
# Washers:1
# Dryers:1

Exterior

EXTERIOR:Brick,Vinyl Siding

Grounds / Land / Lot

Area/Tract:Galesburg Northwest
# Parking Spaces:10
Approx . # of Acres:0.49
U1 # Parking:2
U1 # Parking Uncovered:2
U2 # Parking:2
U2 # Parking Uncovered:2
U3 # Parking:2
U3 # Parking Uncovered:2
U4 # Parking:2
U4 # Parking Uncovered:2
LOT DESCRIPTION:Level,Sloping

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Listed by: RE/MAX Preferred Properties  /   MLS: 1011682