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31405106
31405120

26045 S Oak Road, Monee, IL 60449

JM
471018434
Landmark Property Management
Listed by Landmark Property Management
$875,900
67 days on market
Updated 8 days ago

26045 S Oak Road

Details
APN 2114213360140000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex (+1)
Units 6
Cap Rate 8.20%
NOI $72,847
Class B
Year Built 1980
Stories 2
Acreage 0.290
Zoning MULTI

Low Will County taxes and low operating expenses with all-electric heat and appliances.

Marketing description

Very low operating expenses due to all electric building (tenants pay their own heat and hot water) & low Monee taxes! Excellent 6 unit investment opportunity featuring six 2 bedroom, 1 bath units. This well maintained building has seen many recent updates, with several units rehabbed with newer cabinets, countertops, appliances, flooring, windows and more. New roof in 2018. The property is all electric with heat and hot water paid by tenants, keeping operating expenses low and predictable. There are 7 water heaters, 2 sump pumps, and a fire alarm system connected directly to the fire department. Additional income is generated from the coin operated washer and dryer. Parking is available in both the front and rear of the building, and the property sits on a large yard in a residential neighborhood. Conveniently located near restaurants, shopping, a dollar store, and approximately 2 miles from Amazon within the booming Monee community (new Starbucks and Tractor Supply among other new developments). Strong cash flow potential with low expenses. Owner is a licensed real estate agent.
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Listing Contacts

JM
471018434
Landmark Property Management
Listed by Landmark Property Management

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$72,847.00
$6,070.58/mo

Valuation Metrics

0
DSCR
8.32%
Cap Rate
8.32%
ROI

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