Real Estate Property Information

Home Size:
18,260 sqft
Lot Size:
9 acres
Property Type:
Multi-Family Home
Year Built:
1880
MLS#:
20130071
Unit:
Exterior:
Brick
Fuel Type:
Electric
Natural Gas
Appliances:
Microwave
Oven
Refrigerator

Estimated Monthly Payment

$2,003

Description

investors dream come true.10.4% cap rate! An elegant,beautifully designed townhouse plus collect rent on other 8 units.This apartment complex located in historic downtown Lincoln just 2 blocks off the square. Townhouse is 4400 square feet of beauty with 2 fireplaces.it features an open living concept with living room with amazing fireplace dining room and kitchen in one large space. Featuring 3 bedrooms.master bedroom large with 2 large closets and a master bath.It also has a 1/2 bath and a separate tub and shower room.Family room is nice and cozy with steps down to library with fireplace and back entryway to parking .There is also a working electric elevator in townhouse .This property has a lot of charm The 8 furnished apartments all vary in sizes designs and electric or gas heat.Tenants pay own heat and electric bill.Tenants also pay surcharge for trash,sewer and water.Parking lot with 15 cars capacity is in rear of building for tenants.Property has a full basement with lots of room for storage or work shop area.Additional storage space on main level too .Dont delay call for a showing today

Listed by Coldwell Banker Cornerstone

Property Features

Home is heated by electric and natural gas. Among the appliances included are microwave oven, range/oven, and refrigerator. Exterior is brick.

Neighborhood Info

Lincoln, Illinois is located in Logan County. Nearby cities and towns include Broadwell, Hartsburg, Beason, Atlanta, Mount Pulaski, Elkhart, New Holland, Chestnut, Emden, Middletown, Armington, Waynesville, Cornland, Kenney, McLean, San Jose, Williamsville, Latham, Mason City, Delavan, Hopedale, Minier, Greenview, Buffalo, Stanford, Dawson, Clinton, Illiopolis, Spaulding, Sherman, Cantrall, Wapella, Warrensburg, Athens, Green Valley, Riverton, Niantic, Maroa, Heyworth, and Mechanicsburg. Lincoln is a suburban community with a population of 15,176. The median household income is $42,433. In Lincoln, 52% of residents are married, and families with children reside in 30% of the households. Half the population of Lincoln commutes 11 minutes or less to work, with 62% of residents holding white collar jobs and 38% residents holding blue collar jobs. The median age of homes in Lincoln, IL is 43 years, with 59% of those homes owned, 34% rented, and 8% not occupied. In the previous year, 89 Lincoln properties were sold. The median sale price of a home in Lincoln in the previous year was $87,675.

Learn More About Lincoln, Illinois

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