Closed

$1,155,000

Favorite

beds

baths

half baths

1642 Country Lakes Drive

Naperville, Illinois 60563

Closed / MLS #11785750 / Multiple Unit (2-4) / Naperville

Listing information updated 7/20/2023 at 10:43am

This turn-key 4 unit building checks all the boxes for the savvy investor: CONDITION, CASH FLOW, EXPANDABILTY/VALUE-ADD & LOCATION. CONDITION: All units feature DW(s), in-unit owned W/D(s), C/A, and 1 car attached garages. Three units have full basements (2 finished). Recent interior unit remodels: Unit B (2023), D (2021), C (2020). Recent upgrades: 2023 New Roof ($50K), 2022 Windows ($25K), most HVAC updated w/in last 5 years. CASH FLOW: Low real estate taxes. All units separately metered. Tenants pay ALL gas, electric, water, sewer & trash. Unit B lease starts 6/1 for $1,900/ 1YR). Unit D is vacating 5/31 w/ est. market rent at $1,800/MTH. Unit C has a L-T tenant but $1,600/MTH rent could be raised to $2,000/MTH due to finished basement. EXPANDABILTY/VALUE-ADD: Large green space on lot (~97'X165') allows for the construction of an ADDITIONAL 3 Flat building (See Add'l Info). Seller had past discussions with the Village and obtained some preliminary sign-offs (see attached). Plans for NEW building may be available. Buyer could also SUBDIVIDE lot and sell as a buildable lot. LOCATION: Near I-88 tollway, Metra station. 204 school district (Top 5% in the state / #36 in US per Niche), Naperville awarded 2023 Top 5 "Best Places to Live" per Niche). Highly desirable Naperville location = sustainable, secure high tenant demand/ future rents with the value-add of constructing additional, HIGH DEMAND units for rent/sale OR subdividing lot to sell for a quick inflow of capital.

Full Features

Architecture Style:

Tudor

Exterior Type:

Cedar,Combination

Basement:

Finished,Partially Finished

Beds Above Grade:

Heating System:

Natural Gas, Forced Air

Pool:

Age:

31-40 Years

Parking Type:

Garage,Space/s - Assigned,Off Street,Visitor Parking,Additional Parking

Parking Spaces:

Garage:

Garage Door Opener(s),Transmitter(s),Multiple Garages

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

.25-.49 Acre

Acreage:

0.36

Taxes & Assessments

Tax Amount:

$11,815

Tax Year:

2021

Location

Zip Code:

60563

City:

Naperville

County:

Du Page

Schools

School District(s):

204

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: HomeSmart Realty Group

Listing Office Phone: 708.320.0002

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/20/2023 at 10:43am. 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.