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141 W Michael Ln, Addison, IL 60101

$440,000
Last sold 07/24/2018 after 97 Days
8
bed
4
bath

Multi-family not for sale

Movoto is helping 23 homebuyers near you

About 141 W Michael Ln

Property type Multi-family

Neighborhood

Year built 1965

HOA fee $0/month

Lot size 8,712 Sqft

Property description

Tremendous investment opportunity and cash flow!Rents can be increased. Long term very clean tenants. Solid, all brick 3 level, 4 town homes. Open floor plan. Each unit with 2 Bedrooms-each has ceiling fans with light fixtures, 1 bath, kitchen with eating area-built in Microwave ovens and dishwashers, huge living room with cathedral ceiling, walk out finished lower level with above ground window. Newer heating and cooling systems and interiors newly painted. Beautiful refinished hardwood floors in Living room and Bed rooms, ceramic tiles in Rec.room and Bathroom. Paint free exteriors. Easy to maintain and keep clean. Tenant pays gas for heating, cooking and hot water. Individual gas and electric meters. Ample parking. Close to I-355,290,294. Walk to schools, park, pool, shopping, library, medical center, restaurants, bus stop-quick access to Metra railway station. Right into the heart of down town!!!

Listed by

Listing Agent - Mala Gandhi

Listing Office - Coldwell Banker Residential

Source: MRED

MLS#09920397 • last updated 8 years ago

Movoto checked MRED for data 12 minutes ago

Overview
Heating	Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls
Levels/Style	Tri-Level
MLS #	9920397
Type	Two To Four Units
Property Tax $	7875.24
Year Built	1965

Interior
Basement	Finished, Full, Walkout
Total # of Rooms	20
Other Room(s)	Recreation Room, Utility Room-Lower Level

Exterior
Exterior Features	Storms/Screens, Cable Access
Foundation	Concrete Perimeter
Exterior	Brick
Roof	Asphalt/Glass (Rolled), Asphalt/Glass (Shingles)
Parking Desc	Space/s, Assigned Spaces, Off Street
# Parking Spaces	7, 7
Lot Desc	.25-.49 Acre

Amenities / Utilities
Sewer/ Septic Desc	Sewer-Public
Water Source	Lake Michigan, Public

Location
Community Features	Park/Playground, Curbs/Gutters, Sidewalks, Street Lights, Street Paved
Subdivision	GREEN MEADOWS
County	Du Page
Elementary School	LINCOLN ELEMENTARY SCHOOL
Middle School	INDIAN TRAIL JUNIOR HIGH SCHOOL
High School District	88
Elementary School District	4
Middle School District	4
High School	Addison Trail High School
Directions	FROM LAKE ST AND ADDISON RD., GO NORTH ON ADDISON RD., WEST ON MICHAEL LN.
APN	321311015
Zoning	MULTI

Multifamily Details
Unit 2: Interior Features	Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors
Unit 3: Interior Features	Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors
Unit 1: Interior Features	Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors
Unit 4: Interior Features	Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Cathedral Ceilings, Hardwood Floors
Unit 4: Tenant Pays	Electric, Gas, Heat
Unit 3: Tenant Pays	Electric, Gas, Heat
Unit 2: Tenant Pays	Electric, Gas, Heat
Unit 1: Tenant Pays	Electric, Gas, Heat
Unit 1: Rent	1030
Unit 3: Rent	1100
Unit 2: Rent	1025
Unit 3: Total # of Rooms	5
Unit 1: Total # of Rooms	5
Unit 4: Total # of Rooms	5
Unit 2: Total # of Rooms	5
Unit 4: Rent	1040
Unit 4: # of Bedrooms	2
Unit 3: # of Bedrooms	2
Unit 2: # of Bedrooms	2
Unit 1: # of Bedrooms	2
Unit 1: SqFt	1074
Unit 2: SqFt	1074
Unit 3: SqFt	1074
Unit 4: SqFt	1074
Gross Rental Income	50340
Net Operating Income	36265
Unit 4: Security Deposit	1500
Unit 2: Security Deposit	1500
Unit 1: Security Deposit	1500
Unit 3: Security Deposit	1500