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    213 W Walnut Street

    Watseka, IL 60970
    • $480,000
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 10964518
    UPDATED: 81 min ago
    $480,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,375
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1917
    County:
    Area:

    School Ratings & Info

    Description

    UPDATED & WELL-MAINTAINED 15 unit investment property! This historically significant building was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and the theater w/stage (currently used for storage) is on the main floor. [NOTE: Zoned R-2, although most of the street is zoned B-1 & B-2.]The building has central air, but tenants can rent window units, if desired. Water heater, furnace & AC were replaced in 2010; Roof is brand new; windows & screens done in 2020 - and both have a transferable warranty. A tidy source of income, and a FABULOUS opportunity - come and see! (c)2021

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    © 2021 Midwest Real Estate Data LLC. 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 MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T10:52:31.67 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    213 W Walnut Street Watseka, IL 60970

    • Price: $480,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 10964518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    9,375
    SQFT
    $51
    $/SQFT
    1917
    Built
    Neighborhood:
    Watseka
    County:
    Iroquois
    Area:
    Watseka
    Property Description
    UPDATED & WELL-MAINTAINED 15 unit investment property! This historically significant building was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and the theater w/stage (currently used for storage) is on the main floor. [NOTE: Zoned R-2, although most of the street is zoned B-1 & B-2.]The building has central air, but tenants can rent window units, if desired. Water heater, furnace & AC were replaced in 2010; Roof is brand new; windows & screens done in 2020 - and both have a transferable warranty. A tidy source of income, and a FABULOUS opportunity - come and see! (c)2021
    Exterior Features

    Construction Materials BrickWood Frame Foundation Details BlockBrick/Mortar Frontage Type City Street Location Central Business DistrictMixed Use Area Miscellaneous Outside Fire EscapeSatellite DishSecurity LightingSecurity SystemStorms And Screens (As Exist) Outdoor Parking 13-18 Spaces Parking Total 15 Roof Membrane Roof Structure PitchedWood Joists

    Interior Features

    Cooling Central AirWindow Unit(S) Electric Circuit Breakers Fire Protection Alarm On SiteFire Extinguisher/S Fireplaces Total 0 Flooring CarpetVinyl Heat Ventilation Central Bldg HeatElectricForced Air Miscellaneous Inside Inside Corridor/SMulti-TenantPrivate Restroom/SBasementFurnished Units AvailableLaundry Room Number Of Apts 15 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 1 Number Of Offices 1 Number Of Ranges 1 Number Of Refrigs 8 Number Of Stores 0 Number Of Washers 1 Number Of Window Ac 15

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 19.7 Electric Expense 5064 Existing Lease Type Modified Gross Expense Year 2020 Exterior Building Type Brick Fuel Expense 0 Geographic Locale Out Of Area Gross Income 107500 Gross Scheduled Income 107700 Insurance Expense 0 Lot Size Dimensions 25X128.9X25X128.9 Net Operating Income Year 2020 Operating Expense 14575 Other Expense 5000 Owners Assoc YN No Possible Use Single Family Tax Annual Amount 1829 Tax Year 2019 Tenant Pays Air ConditioningOtherVaries By Tenant Total Actual Rent 540 Total Monthly Income 8970 Trash Expense 1128 Unincorporated YN No Utilities Sanitary SewerWater-Municipal Water Sewer Expense 3380 Zoning Other

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Coldwell Banker Realty.


    © 2021 Midwest Real Estate Data LLC. 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 MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T10:52:31.67 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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