Well Kept 6 Unit Investment Property With Excellent Tenants In Forest Park – $295,000/SOLD 3/11/12

320 Elgin Ave, Forest Park, IL 60130

320 elgin ave, forest park il 60130

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This six unit beauty features three two-bedroom, one-and-a-half bath units and three one-bedroom, one-bath units. Built as an investment property in 1989 by the current owner, this solid brick building has been well maintained and professionally managed. The two English Garden units have been recently gut rehabbed and being only steps below grade are very well lit. The investment property  features a brand new flood control system, a roof that is four years new with a ten year warranty, eight parking spaces allowing one per unit and two for additional rental income. With several long term tenants, close proximity to two trains as well as downtown Forest Park, this building has rarely seen a vacancy. Perfect for a savvy investor looking for a turnkey investment property.

Kitchens

Each unit in this terrific investment property features an eat in kitchen with ceramic tile floors, and a refrigerator and stove.

320 elgin ave, forest park il 60130

320 elgin ave, forest park il 60130

320 elgin ave, forest park il 60130

Living Rooms

Each unit features a large living room with ample wall space for a full furniture set with excellent light.

320 elgin ave, forest park il 60130

Bedrooms

Each bedrrom features  good closet space, tile on lower level bedrooms and carpet on floors two and three.

320 elgin ave, forest park il 60130

320 elgin ave, forest park il 60130

Parking

Eight parking spaces allowing one per unit and two for additional rental income.

320 elgin ave, forest park il 60130

Additional Information

  • Cash flow positive
  • 3 x 2 Bedroom 1.5 Bath Units
  • 3 x 1 Bedroom 1 Bath Units
  • 2 Units rehabbed January 2012
  • Newer Roof under warranty
  • Brand new flood control system
  • Professionally managed investment property in Forest Park
  • Close to 2 train lines
  • Steps from downtown Forest Park
  • Close to highway

Contact Information for this Investment Property in Forest Park

Please contact Sari Levy at 630 359-4696 or via email at slevy@lucidrealty.com for further information or to arrange a showing on this investment property in Forest Park. Click here to see our our other Chicago Area Homes for Sale.

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