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707 E Dixon Street , Polo, IL 61064

$359,000
  • 707 E Dixon Street , Polo, IL 61064 Main Photo

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New to the Market New
BEDS0 BATHS MLS#12673136
STATUSNew PROPERTY TYPEMulti Unit - Multiple

Property Description

Investment Opportunity - Well-Maintained 5-Unit Brick Apartment Building! Excellent income-producing opportunity with a strong long-term rental history. This solid brick 5-unit apartment building features three spacious 2-bedroom units and two 1-bedroom units, providing a desirable unit mix for tenants. All apartments are currently rented. The property includes 6 garage spaces, with each tenant having access to a garage, plus an additional garage and storage area that can be utilized by the owner or rented for additional income. Tenants enjoy a large shared courtyard, on-site coin-operated laundry, and ample outdoor space on this 1.5 acre property. Utilities are tenant-friendly, with electricity paid by tenants, while the owner covers water, sewer, and garbage expenses. The roof was replaced approximately 10 years ago, adding to the property's overall appeal and value. Whether you're expanding your investment portfolio or seeking a stable, income-generating property, this well-maintained apartment building offers consistent rental demand and excellent upside potential.

707 E Dixon Street | MLS# 12673136

This multi-family property located at 707 E Dixon Street , Polo, IL 61064 is currently listed for sale with an asking price of $359,000. Search Polo real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 1.50 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $8,134

Feature Descriptions

Current Use: Multi-Family
Drains: Courtyard, Storms and Screens (as exist)
Electric: Circuit Breakers
Exterior: Brick
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Electric, Baseboard
Lot Dimensions: 230x301x230x301
Miscellaneous Indoor: Storage Inside, Laundry Room
Miscellaneous Outdoor: Courtyard, Storms and Screens (as exist)
Parcel#: 14151010050000
Parking: 6-12 Spaces
Potential Use: Multi-Family
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 5
Utilities: Sewer Connected

Listed By / Shown By

Listed By

Agency Name: Heartland Realty 11 LLC
Agency Phone: 815-288-4648

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 2,413.23 per month $1,630.69 Principal & Interest $677.83 Property Tax $104.71 Homeowner's Insurance

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