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Listed by Rebecca Adams • Re/Max of Rock Valley
$374,900
Est. payment /mo
2 Beds
3,055 SqFt
Active
217 E 3rd Street Byron, IL 61010
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Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $122
Subdivision Il
MLS Listing ID 202503064
Style 2 Story
Bedrooms 2
Annual Tax Amount $6,934
Tax Year 2024
Property Sub-Type 5+ Units
Property Description
Investment Opportunity – Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you're expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don't miss this opportunity!
Location
State IL
County Ogle County
Area O2
Rooms
Basement Slab
Interior
Hot Water Electric
Heating Baseboard, Electric
Cooling Wall Unit, Window Unit
Exterior
Exterior Feature Brick/Stone, Wood
Garage Spaces 8.0
Roof Type Rubber
Building
Sewer City
Water City
Schools
Elementary Schools Byron
Middle Schools Byron Middle
High Schools Byron High School 9-12
School District Byron 226