Skip To Content

270 8th Street

Wheeling, IL 60090
  • $695,000
  • STATUS: Closed
  • ON SITE: 94 Days
  • MLS #: 11202397
Sold - 11/23/2021
$695,000
SOLD - 11/23/2021
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

Wait until you see this amazing investment opportunity! You can own a beautiful, profitable and well-maintained, 6-unit, brick building in the highly sought-after suburb of Wheeling. The building consists of 3-2 bedroom units and 3-1 bedroom unit. All units with tile floors, eat-in kitchen, oak cabinets, including gas stove/oven. There are 2 assigned parking spaces with each unit making a total of 12 spaces plus ample guest parking too. There is coin laundry which not only adds convenience for the tenants plus provides additional income for the lucky owner. The building is rented to full-capacity including some long-term tenants. Definitely potential for even higher rental prices going forward. Award-winning District 21/214 schools. Ideal location near Metra train, 94/294, parks, forest preserves, shopping, restaurant row on Milwaukee, fitness centers, Wheeling Aquatic Center, and much more! Better hurry....terrific, money-making opportunities like this one don't come often!

Sold by Re/Max United.

Monthly Payment Calculator



© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.bloomingtonareahomes.com/homes/120891907
Print Image

270 8th Street Wheeling, IL 60090

  • Price: $697,000
  • Status: Closed
  • On Site: 94 Days
  • Updated: 21 min ago
  • MLS #: 11202397
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Wheeling
County:
Cook
Area:
Wheeling
Property Description
Wait until you see this amazing investment opportunity! You can own a beautiful, profitable and well-maintained, 6-unit, brick building in the highly sought-after suburb of Wheeling. The building consists of 3-2 bedroom units and 3-1 bedroom unit. All units with tile floors, eat-in kitchen, oak cabinets, including gas stove/oven. There are 2 assigned parking spaces with each unit making a total of 12 spaces plus ample guest parking too. There is coin laundry which not only adds convenience for the tenants plus provides additional income for the lucky owner. The building is rented to full-capacity including some long-term tenants. Definitely potential for even higher rental prices going forward. Award-winning District 21/214 schools. Ideal location near Metra train, 94/294, parks, forest preserves, shopping, restaurant row on Milwaukee, fitness centers, Wheeling Aquatic Center, and much more! Better hurry....terrific, money-making opportunities like this one don't come often!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Sidewalks Parking Total 12 Roof Composition

Interior Features

Basement Slab Heat Ventilation Gas Number Of Dryers 1 Number Of Ranges 6 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN No Current Use Multi-Family Financing Other Gross Income 6705 Gross Scheduled Income 84060 Insurance Expense 2604 Location Mixed Use Area Maintenance Expense 0 Net Operating Income 61078 Operating Expense 22982 Possible Use Multi-FamilySingle Family Short Sale Not Applicable Tax Annual Amount 15478 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 7050 Township Wheeling Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max United.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T09:59:28.897 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11202397-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11202397-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11202397-1.jpg
Logo
Keller Williams Realty
2401 East Empire
Bloomington IL, 61704