Property Description

Well located BRICK 5-Flat For Sale on northwest side St. Charles. Fully occupied. Current tenant rents range from $750 to $1,200, depending on length of occupancy, and the on-site services tenants provide. A first year tenant pays the highest rent and has the most recently updated apartment. One 15-yr tenant does gardening and another 10-yr tenant mows the yard and plants flowers. All apartments are 1-br 1-bath, each with a storage locker and access to a free single set of washer-dryer and there is a 5-car carport. Value add opportunities... estimated market rents should be $1,400 to $1,500pm. Tenants pay their own electric, but owner pays water, sewer, trash removal, and gas even though the boiler is zoned for each unit. AC is provided by tenant-owned window units. A portion of the carport is within the 100-yr flood plain, but not the residential structure. Building is being sold as-is. Lead-bssed Paint Disclosure on file, seller has no reports or knowledge of the presence of LBP.

Property Features