Bob Kelly
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Exceptional mixed-use investment opportunity featuring a two-unit residential building (both units currently leased, one is a 2 bed 1 bath and the other is a 3 bed 1 bath) plus an automotive/body shop! Extensively renovated from the studs between 2022-2023, this property was improved for long-term ownership with a significant investment throughout. Renovations include new framing, drywall, electrical, plumbing, HVAC systems, furnaces, A/C units, tankless water heaters, electrical panels, hardwood flooring, windows, doors, siding, roof, balcony, concrete and additional exterior improvements. Additional attic storage provides even more usable space. The automotive/body shop was also extensively renovated in 2022-2023 and features updated HVAC, plumbing and electrical including new electrical panel, bathroom, kitchenette/storage area, front desk/reception area and security system. Valuable shop equipment is included with the sale, including the automotive frame rack/frame straightening system and Clean Shop automotive paint/prep filtration station, offering a great opportunity for an owner-operator or investor. A unique opportunity to acquire a substantially improved mixed-use property offering both residential income potential and commercial automotive space. Don't miss the opportunity to own this versatile income-producing investment. Schedule your private showing today!
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1903
General Information
County: Cook
Listed By:
Midwest SignatureProperties Co
708-979-5303
MRED MLS
MLS ID: 12743905
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517 S 9th Avenue, Maywood, IL 60153.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $599,999 | $599,999 | $599,999 |
| Down Payment | $120,000 | $21,000 | $150,000 |
| Monthly Mortgage Amount | $3,034 | $3,724 | $3,767 |
| Taxes | $835 | $835 | $835 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $264 | $0 |
| Monthly Estimated Total | $4,044 | $4,998 | $4,777 |
Bob Kelly
REALTOR®
Cell: (563) 650-2168
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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