2909 Willow Lane

Zion, IL 60099

$1,950,000
Price
32
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Balance of Rents are under market. There's huge potential for a savvy investor. Exciting investment opportunity. This 16-unit multifamily property, situated on 2 acres, offers an exciting investment opportunity. Comprising two 8-unit buildings, each featuring 2-bed/1-bath units, the property is fully occupied with consistently paid rents. Key features include 36 parking spaces, tenant-paid electric, owner-covered water, sewer, and trash, in-unit amenities such as living and dining rooms, on-site...Balance of Rents are under market. There's huge potential for a savvy investor. Exciting investment opportunity. This 16-unit multifamily property, situated on 2 acres, offers an exciting investment opportunity. Comprising two 8-unit buildings, each featuring 2-bed/1-bath units, the property is fully occupied with consistently paid rents. Key features include 36 parking spaces, tenant-paid electric, owner-covered water, sewer, and trash, in-unit amenities such as living and dining rooms, on-site laundry facilities. The buildings are both protected with a fire prevention sprinkler system as well. newly constructed handicap ramps, and substantial recent upgrades to 10 units. With a solid rental history and ongoing improvements, this property is a strong investment. Contact us for more details or to schedule a viewing.
  1. Listed by Robb Satten • Real Broker, LLC
  2. Listed by Dan Winkowski • Real Broker LLC

Property Details for 2909 Willow Lane

Area
Zion
Township
Zion
Zoning
MULTI
LISTING UPDATED: 10/17/2024 02:31 PM

Property Details for 2909 Willow Lane

StatusActive
MLS #12149941
Days on Market53
Taxes$35,045 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built2004
Lot Size1.97 AC / 85,813 SF
CountyLake County

Building Information for 2909 Willow Lane

Stories2Residences16Year Built2004Building Size-Lot Size1.97 AC / 85,813 SF

Property Information for 2909 Willow Lane

General Information
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • # Of Washers: 6
  • Basement Description: Partially Finished
  • Heat/Ventilation: Electric
  • # Of Window/Ac: 32
  • # Of Refrigerators: 32
  • Washer/Dryer Lsd: Yes
  • Misc Inside: Accessible Entrance,Inside Corridor/s,Storage Inside,Laundry Room
  • # Of Dryers: 6
  • Num of Baths: 16.0
Utilities / Equipment
  • Utilities: Water-Municipal
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 16-25 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 85,813
  • Stories: 2
  • Exterior Building Type: Aluminum Siding, Brick
  • Construction: Brick, Other
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Sprinklers-Wet,Sprinklers,Carbon Monoxide Detector(s)
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 16
Property and Assessments
  • Buyer Financing: Conventional, Cash, Other
  • Public Document Count: 0
  • Photos Count: 19
Miscellaneous
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Other,Cable Ready
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Income & Expenses
  • Electric Expense: $5,771.00
  • Fuel Expense: $.00
  • Gross Income: $214,633.00
  • Gross Scheduled Income: $125,926.00
  • Insurance Expense: $7,747.00
  • Maintenance Expense: $12,619.00
  • Manager Expense: $.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 3900
  • Manager Expense Source: OP
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 18950
  • Water Expense Source: Owner Projection
  • Net Operating Income: $125,926.00
  • Operating Expense: $88,707.00
  • Other Expense: $460.00
  • Trash Expense: $4,130.00
  • Water Sewer Expense: $10,973.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 16
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2909 Willow Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2909 Willow Lane

Taxable ValueLand$43,359Additions$226,987Total$270,346
Tax Record2023$34,676 ($2,890 / month)
Home Facts
Total Finished SqFt16,924 SqFtAbove Grade Finished SqFt16,924 SqFtLot Size85,552 SqFtStyleMulti-Family Res (5+ Units)Year Built2005CountyLAKEAPN04-17-200-024

Schools near 2909 Willow Lane

This home is within Zion Esd 6 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beulah Park Elementary School
PublicPK to 2

Zion Central Middle School
Public6 to 8

Zion-Benton Twnshp Hi School
Public9 to 12

New Tech High - Zion-Benton East
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2909 Willow Lane is a multi-family home for sale in Zion, IL 60099. This property was listed for sale on August 29, 2024 by Real Broker, LLC, it's currently listed at $1,950,000. It has been on the market for a total of 53 days and was last sold on February 16, 2021. This listing's school districts are Zion Esd 6 School District, Zion-Benton Twp Hsd 126 School District. Nearby schools include Beulah Park Elementary School, Zion Central Middle School and Zion-Benton Twnshp Hi School. 2909 Willow Lane is a 32-bed, 16-bath, multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC; Real Broker LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/17/2024 02:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.