24134 State Route 53 Highway $879,900

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    24134 State Route 53 Highway Elwood, IL 60421

    • Commercial
    • MLS# 10846622
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    Views: 2 Days On Site: 55

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    Property Details

    INVESTORS LOOK AT THIS CASH COW! ON 2.6 ACRES OF COMMERCIAL PROPERTY WITH RESIDENTIAL PROPERTIES. LOCATED ON RT 53 AND ONLY 1/2 MILE FROM CHICAGOLAND SPEEDWAY. CURRENTLY HAS 3 SINGLE FAMILY HOMES, A DUPLEX APARTMENT ALL FULLY RENTED, 3 POLE BUILDINGS 42X60, 40X60 & 32X75 ALL WITH HEATED WORKSHOPS, 3 GARAGES AND A LOT MORE. IN-GROUND POOL, CITY WATER & SEWER. CAP RATE 10%. THIS WON'T LAST!

    • General Features
      • Additional Parcels Y/N Yes
      • Area Elwood
      • County Or Parish Will
      • Current Use Commercial
      • Electric Expense 0
      • Existing Lease Type N/A
      • Fuel Expense 0
      • Gross Income 108000
      • Gross Scheduled Income 108000
      • Net Operating Income 88000
      • Number Of Units Total 10
      • Operating Expense 20000
      • Operating Expense1 0
      • Possible Use Commercial,Conditional Use,Industrial,Office and Research,Multi-Family,Retail
      • Property Sub Type Mixed Use
      • Tax Annual Amount 14000
      • Tax Year 2019
      • Tenant Pays Air Conditioning,Electricity,Heat,Sewer,Varies by Tenant
      • Township Jackson
      • Year Built 1950
      • Zoning COMMR
    • Building Features
      • Cooling Central Air, Window Unit(s)
      • Electric Circuit Breakers, 101-200 Amps
      • Fireplaces Total 1
      • Stories 2
      • Utilities Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal
    • Property Features
      • Docks Drive-in Doors,Service Entrance
      • Frontage Type State Road
      • Lot Size Dimensions 300X385
      • Lot Size Square Feet 115500
      • Parcel Number 1011092000150000
      • Parking Total 25

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    Neighborhood

    60421 (Elwood) Demographics

    42 Median Age
    96 Population Density (per sq. mile)
    25% College Educated
    $73,556 Estimated Median Income
    1,318 Estimated Total Home Owners
    178 Estimated Total Renters
    88% / 12% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    3,910 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $240,450 Median Sales Price
    8 Homes Sold
    3 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $879,900
        9/10/2020 12:18:23 AM Status Changed Source New Value: Active
        9/10/2020 12:08:08 AM Status Changed Source New Value: Active
        9/4/2020 7:23:00 AM New in Database Source New Value: $879,900

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.