Rachel Griffel
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
This property is a buyer's dream with a fully renovated interior, including a modern kitchen with new cabinets, elegant tiling in the kitchen and bathroom, fresh paint in both units, and new windows in Unit 2. Both apartments are bright and spacious, with Unit 2, a three-bedroom apartment, capable of renting for at least $2,200 monthly, plus an additional $125 from the garage space, totaling $2,325 in potential income. Unit 2 is also Airbnb-ready, having previously rented for $125 per night, with all furniture available for purchase to launch your short-term rental business. Unit 1 is already rented for $1,800, contributing to a total building income that nets approximately $500 per month after mortgage and expenses (gas, sewer, and water). Additional perks include newly reconstructed bricks on the top left side of the house (completed in late 2023), and security features like cameras and electric door locks, which can be retained for a negotiable price. The basement is 7 foot tall, framed, has its own electrical box and plumbing and ready for you to install additional rooms increasing the value of the Unit 1 by an additional $1,200. The basement laundry machine also provides extra income. This turnkey property offers excellent returns and convenience for both homeowners and investors
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 5
Bathrooms: 2
County: Cook
High School: J Sterling Morton West High Scho
Listed By:
Circle One Realty
630-528-2300
MRED MLS
MLS ID: 12597729
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2108 Highland Avenue, Berwyn, IL 60402.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $520,000 | $520,000 | $520,000 |
| Down Payment | $104,000 | $18,200 | $130,000 |
| Monthly Mortgage Amount | $2,528 | $3,061 | $3,213 |
| Taxes | $724 | $724 | $724 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $229 | $0 |
| Monthly Estimated Total | $3,404 | $4,166 | $4,089 |
Rachel Griffel
REALTOR®
Cell: (319) 850-7407
Licensed in IA
Burlington Office
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(319) 752-9933
Suite 105
West Burlington, IA 52655
(319) 752-9933
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