Courtesy: Landmark Property Management, Inc.
312-313-8553
Very low operating expenses due to all electric building (tenants pay their own heat and hot water) & low Monee taxes! Excellent 6 unit investment opportunity featuring six 2 bedroom, 1 bath units. This well maintained building has seen many recent updates, with several units rehabbed with newer cabinets, countertops, appliances, flooring, windows and more. New roof in 2018. The property is all electric with heat and hot water paid by tenants, keeping operating expenses low and predictable. There are 7 water heaters, 2 sump pumps, and a fire alarm system connected directly to the fire department. Additional income is generated from the coin operated washer and dryer. Parking is available in both the front and rear of the building, and the property sits on a large yard in a residential neighborhood. Conveniently located near restaurants, shopping, a dollar store, and approximately 2 miles from Amazon within the booming Monee community (new Starbucks and Tractor Supply among other new developments). Strong cash flow potential with low expenses. Owner is a licensed real estate agent.
Monee is located in Illinois. Monee, Illinois has a population of 5,131. Monee is less family-centric than the surrounding county with 17.64% of the households containing married families with children. The county average for households married with children is 37.33%.
The median household income in Monee, Illinois is $79,013. The median household income for the surrounding county is $95,751 compared to the national median of $69,021. The median age of people living in Monee is 38.8 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 40.7 inches per year, with 27.9 inches of snow per year.
