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1825 Maple Avenue

Mattoon, IL 61938
  • $45,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 6230664
UPDATED: 29 min ago
$45,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,668
    SQFT
  • $27
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1902
County:
Area:

School Ratings & Info

School District:

Description

Investment Opportunity: Dual-Income Cash Flow Generator! Discover the potential of this income-producing rental property featuring not one, but two homes on a single lot! With a total monthly income of $1100, this property is a cash flowing machine! The front ranch style home is boasts 2 bedrooms and a jack and jill bathroom, accompanied by a spacious kitchen. The property is currently leased on a month-to-month basis, generating $500 in monthly rent. This home needs foundation work. The second home, located at the rear of the lot, is an apartment perched atop a garage. This 1-bedroom unit is currently rented for $600 until July 2024, providing a stable income stream. Whether you're looking to diversify your investment portfolio or capitalize on a dual-income property, this offering presents a unique opportunity. Act now and step into the world of passive income with this two-for-one deal! Don't miss out on the potential of this cash flow gem!

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© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T08:27:44.93.
www.mainplace.us/homes/146304564
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1825 Maple Avenue Mattoon, IL 61938

  • Price: $45,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 29 min ago
  • MLS #: 6230664
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,668
SQFT
$27
$/SQFT
1902
Built
Neighborhood:
Mattoon
County:
Coles
Area:
Mattoon
School District:
Mattoon Dist. 2
Property Description
Investment Opportunity: Dual-Income Cash Flow Generator! Discover the potential of this income-producing rental property featuring not one, but two homes on a single lot! With a total monthly income of $1100, this property is a cash flowing machine! The front ranch style home is boasts 2 bedrooms and a jack and jill bathroom, accompanied by a spacious kitchen. The property is currently leased on a month-to-month basis, generating $500 in monthly rent. This home needs foundation work. The second home, located at the rear of the lot, is an apartment perched atop a garage. This 1-bedroom unit is currently rented for $600 until July 2024, providing a stable income stream. Whether you're looking to diversify your investment portfolio or capitalize on a dual-income property, this offering presents a unique opportunity. Act now and step into the world of passive income with this two-for-one deal! Don't miss out on the potential of this cash flow gem!
Exterior Features

Attached Garage YN Yes Carport Spaces 0 Carport YN No Garage YN Yes Levels Two Parking Features Attached Garage Roof Asphalt Metal Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Gas Water Heater Range Refrigerator Cooling Wall Units Cooling YN Yes Heating Forced Air Gas Heating YN Yes

Property Features

Gross Scheduled Income 1100 Lease Considered YN Yes Net Operating Income 903 Operating Expense 197 Owner Pays Taxes Trash Collection Water Possession Closing Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 793 Tax Legal Description PARK PLACE BLK 3 LOT 10 NW 1 /4 SEC 24 T12 N R07 E Tax Year 2022 Water Source Public Zoning RES

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Paul D Ellermets of Century 21 KIMA Properties: 217-258-6621.


© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T08:27:44.93.
 
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