Eco Friendly
Address
502 N Main Street Farmer City, IL
Price
$ 525,000
Property Attributes
  • MLS#11206643
  • TypeMulti-Family
  • CountyDE WITT
  • CityFarmer City
  • AreaFarmer City
  • Zip61842
  • StyleMulti-Family
  • Year Built2005
  • Taxes$ 10358
  • Price$ 525,000
  • Bedrooms18
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3690
Listing Provided Courtesy Of:
eXp Realty,LLC-Maho
Data Source:
Midwest Real Estate Data (MRED)
Property Description

High quality townhome complex. 6 units. Two 3 unit buildings. 2 stories, 3 bedroom, 1.5 bathrooms, 1 car attached garage. Built new in 2005, these units are always rented with a waitlist. These are the best show in town for rentals. High quality units and affordable rates that cash flow beautifully. Each unit consistently brings in $775/month. Tenant pays utilities. $55,800 in gross revenue, with an annual N.O.I of almost 43k. Cheap interests rates make it a great time to buy investments.

Price History
9/1/2021 Listed $525,000

General Features

Additional Parcels Y/N No
Association Fee Includes None
City Farmer City
Construction Materials Wood Frame
Cooling Central Air
County De Witt
Current Use Multi-Family
Days on Market 71
Directions 74# WEST TO FARMER CITY, LEFT(SOUTH) TO 150# WEST TO MAIN ST LEFT ON TO MAIN ST
Electric Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
Grossincome 55800
Insurance Expense 1500
MLS Area Farmer City
Net Operating Income 42834
Operatingexpense 11850
Possession Negotiable
Possible Use Multi-Family
Property Type Commercial Sale
Property Type Multi Family 5+
Roof Composition
Standard Status Active
Status Active
Stories 2
Street Name Main
Tax Annual Amount 10358
Tax Year 2020
Tenant Pays Electricity, Heat, Sewer
Total Units 6
Township Farmer City
Utilities Sanitary Sewer, Water-Municipal
Year Built 2005
Zoning MULTI

Interior Features

Basement Crawl
Street Suffix Street
Total Fireplaces 6

Exterior Features

Building Area Total 3690
Exterior Vinyl Siding
Foundation Details Block
Frontage Type City Street
Lot Dimensions 199 X 138
Total Parking 12

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 61842

Price
AVG $530K
$530K
Taxes
AVG $10,358
$10,358
Visits
AVG 280
279
Year Built
AVG 2005
2005
Walkscore
AVG 45
45
Data Provided by Walkscore ® not using MLS data

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