Forgot password? Sign Up!

Listing Details

342 State Jacksonville, IL 62650
$365,000
Your Rating:
Favorite

Great downtown Jacksonville location walking distance to restaurants and retail shops! This all brick 3 story 21 unit building has great income producing potential and cash flow. There is a coin laundry for additional income of $150-300 mo. Most apartments are updated, but three still need remodeling. Tenant pays electric which includes their heat. Owner pays water and garbage. The parking lot is on a separate tax ID and is included in the sale. Selling as-is. $75,200 in updates in past 3 years!! Roof-$22K, Fire escape stairs $30K, 2 new hot water heaters and holding tank-$1,200, Baseboard heaters in all units, $7K, misc apartment renovations, $10K, new sewer pipe, $5k 12 units currently leased at time of listing two 40 gallon hot water heaters go to a 150 gallon holding tank tenant pays electric Owner pays water $365 mo. and trash 104 mo studios rent for $375- $450 for 1 bed - Call Caron Yates for more information.

Square Feet: Bedrooms: 21

Listing

Listing Price:365000
Address Direction:W
List Date:2020-09-22
MLS #:Ca1002714
Year Built:1966
Legal Description:Rng/Blk: Twp:0 Sect/Lot: City Of Jacksonville Mchenry Johnsons Addition Pt Lts 4-5 * Dd7-99 4-85

Location

Address Number:342
Address Street:State
City:Jacksonville
State:Il
Zip:62650
Address:342 W State
County:Morgan
Street Type:Street
High School:Jacksonville District #117
Subdivision:None

Income

Sale/Rent:For Sale
U1 $ Rent:2250
U2 $ Rent:2700
Gross Annual Rent Income:59400
Gross Annual Income:59400
Net Operating Income:43622

Dwelling

Total # Units:21
Total # Water Heaters:2
Total # Heating Units:21
Total SQFT:13248
U1 Bedrooms:1
U1 Full Baths:1
U2 Bedrooms:1
U2 Full Baths:1
U1 Fireplace (Y/N):N
U2 Fireplace (Y/N):N
GARAGE/PARKING:On-Street Parking
BASEMENT:Full,Brick
HEATING/COOLING:Electric,Gas,No Cooling
WATER/SEWER:Public Sewer,Public Water
LAUNDRY FACILITIES:Common

Taxes / Expenses

Parcel ID#/Tax ID:0920243010
Insurance Expense:5000
Maintenance Expense:200
Electric Expense:150
Gas Expense:4800
Water/Sewer Expense:4380
Annual Taxes:7966.64
Tax Year:2019
TAX EXEMPTIONS:None

Interior

# Ranges:19
# Refrigerators:19

Exterior

EXTERIOR:Brick

Grounds / Land / Lot

Area/Tract:Jacksonville Northwest
# Parking Spaces:21
U1 # Parking:1
U1 # Parking Uncovered:1
U2 # Parking:1
U2 # Parking Uncovered:1
LOT DESCRIPTION:Other Lot Description

Photos

Map

View on Google Maps.

View on Bing Maps.

Listed by: The Real Estate Group Inc.  /   MLS: 1002714