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420 24th Avenue Naplate, IL 61350 Multi Unit - Multiple Active

  • 420 24th Avenue, Naplate, IL 61350 Main Photo

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Description

Calling all investors! This is an incredible opportunity to own a newly constructed (2021) 3-story unit on the western edge of Ottawa, Illinois in the Village of Naplate. Custom created by one of the area's most reputable builders, and perfectly located at the end of a quiet street just minutes from three incredible state parks: Starved Rock; Buffalo Rock; and Matthiessen - you will have no trouble finding quality tenants. Leases in effect for units 2 & 3, and owner-occupied in unit 1; the building is currently fully occupied, with the owner willing to continue renting or relocate if necessary. All units are nearly identical at 1,200 square feet each, and offer 2 bedrooms and 2 bathrooms (each unit has a thoughtfully designed primary en-suite bath), spacious and light-filled living rooms, breakfast bar, dining area, washer and dryers in each unit, and all stainless-steel appliances purchased new at time of construction. Each unit also has individual heat, air conditioning, water heaters and separate utilities (tenants pay for all except trash). Unit 1 has custom built shelving with an optional fireplace, and a walk-out porch; Units 2 & 3 have large walk-out balconies. The property has a concrete drive and spacious 4 car garage, with each unit assigned parking. Additional parking is available in front of the building for guests. Fruit bearing trees have been thoughtfully planted out front as well, and offer a lovely first impression of the building. Do not miss this opportunity to own an incredible investment property in the rapidly expanding tourist community of Starved Rock Country! Owner currently has multiple properties in the area that could be considered for sale as well, contact listing agent to discuss more in detail.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 6
County: LaSalle
High School: Ottawa Township High School
Listed By:
Heritage Select Realty 815-433-5000
MRED MLS
$579,000
Est. $3,903/mo
6beds
6baths
4cars
Active
BEDS6 BATHS6 full MLS#12739463
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 140

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420 24th Avenue, Naplate, IL 61350.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $579,000$579,000$579,000
Down Payment $115,800$20,265$144,750
Monthly Mortgage Amount $2,928$3,593$3,635
Taxes $806$806$806
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$255$0
Monthly Estimated Total $3,903$4,823$4,610

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