Address
512 Bellarmine Drive, Joliet, IL
Price
$ 1,375,000
Property Attributes
  • MLS#12021534
  • TypeContingent
  • CountyWILL
  • CityJoliet
  • AreaJoliet
  • Zip60436
  • Style
  • Year Built1976
  • Taxes$ 20544
  • Price$ 1,375,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

ARE YOU THINKING OF GETTING IN THE INVESTMENT GAME OR INCEASING YOUR REAL ESTATE PORTFOLIO? THEN THIS ALL BRICK 12 UNIT BUILDING IS FOR YOU! THIS BUILDING IS A CASH COW WITH LONG TERM TENANTS. IT HAS BEEN WELL MANAGED AND TAKEN CARE OF. THE CURRENT MANAGEMENT COMPANY IS WILLING TO STAY ON WITH A NEW OWNER. THE OWNER FOR OVER 40 YEARS IS RETIRING AND LOOKING TO MOVE HIS PROPERTIES. THIS IS A GREAT OPPORTUNITY TO BUY A TURN KEY INVESTMENT! ALSO AVAILABLE FOR SALE BY THE SAME OWNER IS THE BUILDING NEXT DOOR-520 BELLARMINE- ALSO A 12 UNIT. HE'S OPEN TO OFFERS ON BOTH BUILDINGS AS A PACKAGE DEAL. BUY ONE OR BUY TWO, BUT DON'T MISS OUT ON THIS OPPORTUNITY!

Price History
4/6/2024 Listed $1,375,000

General Features

Year Built 1976
Tenant Pays Electricity
Stories 2
Tax Year 2022
Gross Income 164112
County Will
Net Operating Income 128020
Operating Expense 36092
Insurance Expense 5060
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 500
Status Contingent
Directions McDonough to Bellarmine to Buildings
City Joliet
Total Units 12
MLS Area Joliet
Street Name Bellarmine
Tax Annual Amount 20544
Electric Expense 2112
Fuel Expense 720
Trash Expense 2556
Water Sewer Expense 3600
Additional Parcels Y/N No
Days on Market 18
Standard Status Active Under Contract
Property Type Multi Family 5+

Interior Features

Street Suffix Drive

Exterior Features

Lot Dimensions 169X288X180X77
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60436

Price
AVG $310K
$1.38M
Taxes
AVG $5,259
$20,544
Visits
AVG 64
30
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1976

Areas We Cover