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Key Details
Sold Price $731,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,424 sqft
Price per Sqft $86
MLS Listing ID 10328067
Sold Date 05/24/19
Maintenance Fees $18,653
Year Built 1964
Annual Tax Amount $11,931
Tax Year 2017
Lot Size 0.430 Acres
Lot Dimensions 50 X 371
Property Sub-Type Multi Family 5+
Property Description
Centre Place Apartments is a fully rented 12 unit, located in a great, easy to rent location, offers recent updates, including a new furnace for units A & B, and a nice return on investment. The property is currently professionally managed and expenses listed reflect this. A self managed owner could easily see a net return of $67,800 or more, resulting in a very nice cap rate of 9.3% or higher! This property is sure to be an asset to, or a great start, to your rental portfolio. Someone is sitting in the shade today because they planted a tree a long time ago. This is your opportunity to plant your tree!
Location
State IL
County De Kalb
Area De Kalb
Zoning COMMR
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Level or Stories 2
Structure Type Wood Frame
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with David Grant • Dwell DeKalb Realty, LLC