Eco Friendly
Address
124 W STATE Street Paxton, IL
Price
$ 289,000
Property Attributes
  • MLS#11161327
  • TypeMulti-Family
  • CountyFORD
  • CityPaxton
  • AreaPaxton
  • Zip60957
  • StyleMulti-Family
  • Year Built1950
  • Taxes$ 3998
  • Price$ 289,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16000
  • Lot Size8,000 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Lenington Realty
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

MODERN 50X160 FT 2.5 STORY INCOME BUILDING WITH LARGE 3 BEDR 3 BATH ,1.5 STORY LIVING QUARTERS IF NEEDED.THIS MODERN CONVERTED BUILDING OFFERS +/- 16,000 SQ FT PLUS A 3RD FLOOR FOR STORAGE AND VERY UNIQUE MASTER BEDRM AND FULL BATH IN THE MASTER APPARTMENT. THIS WELL PLANNED INCOME PROPERTY HAS 5 APPARTMENTS WITH ADDITIONAL RENTALS ,(COMMERCIAL), ON THE FIRST FLOOR AND THERE IS MORE SPACE AVAILABLE PRESENTLY OCCUPIED BY THE OWNER THAT CAN BE REVENUE PRODUCING INCLUDING A 3 CAR GARAGE, OFFICES AND WORK SHOPS. THERE IS A RESTAURANT AREA THAT IS VACANT AT THIS TIME BUT READY FOR A NEW OCCUPANT. THE OWNER IS RETIRING OUT OF THE AREA AND DUE TO THIS IS NOT ACTIVLEY SEEKING OUT NEW TENANTS ,HOWEVER MAINTAINS A POSSSITIVE CASH FLOW. ASK AGENT FOR NUMBERS. IN ADDITION TO THE REASTAURANT SPACE THERE IS ACTIVE TENANCY FOR THE MAJORITY OF THE COMMERCIAL 1ST FLOOR. THIS IS A GREAT OPPORTUNITY FOR THE INVESTOR. THE BUILDING IS IN GOOD CONDITION AND CONTINUES TO BE WELL MAINTAINED. CALL AN AGENT FOR ADDITIONAL DETAILS AND TO VEIW. (SELLER REQUIRES PROOF OF FUNDING PRIOR TO SHOW. THIS CAN BE BY VERIFICATION OF FUNDS STATEMENT OR A BANK LETTER OF ABILITY) THIS IS A ONE OF ITS KIND IN A GOOD DOWNTOWN LOCATION. CALL AN AGENT TODAY!!!!!

Price History
7/19/2021 Listed $289,000

General Features

Additional Parcels Y/N No
City Paxton
Construction Materials Brick, Concrete, Wood Frame
Cooling Central Air
County Ford
Current Use Multi-Family, Other
Days on Market 9
Directions RT IL 9 TO TAFT ST NORTH TO STATE RIGHT TO PROPERTY ON THE RIGHT (SOUTH) SIDE OR MARKET TO STATE WEST TO PROPERTY ON THE LEFT.
Electric Over 600 Amps
Electric Expense 1410
Fuel Expense 2736
Grossincome 37910
Insurance Expense 5190
Lot Size Square Feet 8000
MLS Area Paxton
Maintenanceexpense 3325
Net Operating Income 1615
Operatingexpense 36295
Possession Closing
Property Type Multi Family 5+
Property Type Commercial Sale
Roof Metal
Standard Status Active
Status Active
Stories 2
Street Name STATE
Tax Annual Amount 3998
Tax Year 2019
Tenant Pays Electricity
Total Units 4
Trash Expense 1736
Utilities Sanitary Sewer, Water-Municipal
Water Sewer Expense 477
Year Built 1950
Zoning COMMR

Interior Features

Basement None
Street Suffix Street

Exterior Features

Building Area Total 16000
Exterior Steel Siding, Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 50 X 160
Total Parking 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60957

Price
AVG $240K
$290K
Taxes
AVG $4,025
$3,998
Visits
AVG 53
32
Year Built
AVG 1944
1950
Walkscore
AVG 38
68
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.