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Lindenwood IL Real Estate & Commercial for Sale

1 Properties Found

The median home value in Lindenwood, IL is $130,000. This is higher than the county median home value of $120,000. The national median home value is $209,892. The average price of homes sold in Lindenwood, IL is $130,000. Approximately 79% of Lindenwood homes are owned, compared to 15% rented, while 5% are vacant. Lindenwood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Lindenwood real estate agent to arrange a tour today!
Learn more about Lindenwood Real Estate.


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Beds:
n/a
Baths:
Sq.Ft.:
4,405
Status:
Active
MLS#:
10477437
Type:
Multi-Family
A broker reciprocity listing Courtesy: Hayden Real Estate, Inc.
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This 5-unit apartment building is located in a small town north of Rochelle. The community is quiet, but there are two major employers in the town and traditionally tenants work there. The two bedroom apartments (3) are very large, have good soundproofing, nice kitchens, and the two on the lower level have washer and dryer. All units draw good tenants and good rent and are rarely vacant; so much so that the landlord is able to command first, last, and damage deposits. The one bedroom units are simple but one of them has been rented by the same tenant for 10 years. Updates to the building interior have been significant over the past 15 years while the outside remains modest if not basic (and thus is not called to the attention of the tax assessor). The boiler is a well maintained Weil Mclain (Bullet proof). Both hot water heaters are new in the last 3 years. Considering the asking price, the capitalization rate on this apartment building is the best you are going to find; it is a

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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.

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