Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.

Cherry Valley is located in Illinois. Cherry Valley, Illinois has a population of 2,726. Cherry Valley is less family-centric than the surrounding county with 16.62% of the households containing married families with children. The county average for households married with children is 25.33%.
The median household income in Cherry Valley, Illinois is $69,358. The median household income for the surrounding county is $57,779 compared to the national median of $69,021. The median age of people living in Cherry Valley is 50.4 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 12.7 degrees. The average rainfall is approximately 37.1 inches per year, with 35.1 inches of snow per year.