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Listed by Jay Dowthard • Gambino Realtors
$ 860,000
Est. payment | /mo
3 Beds
1,586 SqFt
$ 860,000
Est. payment | /mo
3 Beds
1,586 SqFt
Key Details
Property Type Multi-Family
Sub Type 3 - 4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 1,586 sqft
Price per Sqft $542
Subdivision Il
MLS Listing ID 202502319
Style 1 Story
Bedrooms 3
Annual Tax Amount $3,290
Tax Year 2024
Property Sub-Type 3 - 4 Units
Property Description
Turnkey 11-Unit Investment Opportunity – Prime Location. Rare opportunity to own three adjacent multi-family buildings (11 total units) on a single parcel in a desirable, high-demand neighborhood. Two 4-unit townhouse-style buildings with full basements. One 3-unit ranch-style building—single-level living. All units have adjacent parking for tenant convenience. Excellent rental history and long-term tenants. Major Updates Include: New boilers (2023) in one 4-family building, Commercial-grade gutters and fascia boards (2023), Updated boiler electrical system. 3-family building features electric heat—paid by tenants. Owner provides heat and water for the two 4-unit buildings. New roofs and gutters installed in 2018/2022. All buildings are located within the same complex—easy to manage with no travel between units. Strong cash flow and income potential of up to $165,000/year make this a prime investment opportunity. 531 Pearl Avenue and 535 Pearl Avenue to be sold as a package deal.
Location
State IL
County Winnebago County
Area 49
Interior
Hot Water Electric
Heating Baseboard, Electric
Cooling Window Unit
Exterior
Exterior Feature Vinyl
Garage Spaces 6.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Loves Park Elementary
Middle Schools Harlem Jr
High Schools Harlem High School
School District Harlem 122
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