516 Michigan Court
$575,000
22
15
—
—
—
Closed 2/10/23
Description
Excellent DuPage County investment opportunity with no association dues! 5 units with 2, 1 bed units, 2, 2 bed units, & 1 large 2 bed unit that has potential to be converted to a 3 bedroom unit. Original hardwood floors in most units. Tenants pay electricity. Speed Queen laundry with new washer/dryer 2020. A new roof was installed in 2022. Property is located on a cul de sac, in a quiet neighborhood, and backs directly to Fullerton Elementary. Central location, easy access to Rt 83, North Avenue,...Excellent DuPage County investment opportunity with no association dues! 5 units with 2, 1 bed units, 2, 2 bed units, & 1 large 2 bed unit that has potential to be converted to a 3 bedroom unit. Original hardwood floors in most units. Tenants pay electricity. Speed Queen laundry with new washer/dryer 2020. A new roof was installed in 2022. Property is located on a cul de sac, in a quiet neighborhood, and backs directly to Fullerton Elementary. Central location, easy access to Rt 83, North Avenue, Lake Street & Army Trail Road. Large laundry room, ample storage space. 2 parking stickers (numbered parking) provided per unit (included in rent). The bonus sized 2 bed unit has 3 parking spots. Long-term tenants provide stable cashflow with solid upside.
- Listed by John LeTourneau • Keller Williams Infinity
Sold By CNB Property Consultants, Inc
Property Details for 516 Michigan Court
Area
Addison
Num Of Parking Spaces9.0
Num of Interior Fireplaces0
ZoningMULTI
LISTING UPDATED: 02/11/2023 04:15 AM
Property Details for 516 Michigan Court
Status | Closed |
---|---|
MLS # | 11693048 |
Days on Market | 7 |
Taxes | $9,960 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1978 |
Lot Size | 0.20 AC / 8,700 SF |
County | DuPage County |
Building Information for 516 Michigan Court
Stories3Residences5Year Built1978Building Size-Lot Size0.20 AC / 8,700 SF
Property Information for 516 Michigan Court
Property History for 516 Michigan Court
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 516 Michigan Court
Taxable ValueLand$60,340Additions$90,510Total$150,850
Tax Record2023$11,105 ($925 / month)
Home Facts
Total Finished SqFt3,445 SqFtAbove Grade Finished SqFt3,445 SqFtLot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962ZoningACountyDUPAGEAPN03-33-201-015
Schools near 516 Michigan Court
This home is within Addison School District 4.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ardmore Elementary School PublicK to 5 | ||
Indian Trail Jr High School Public6 to 8 | ||
Addison Trail High School 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.
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