612 E 3RD Avenue, Grand Tower, IL 62942

Active · For Sale · Multi Family 5+

$250,000

612 E 3RD Avenue, Grand Tower, IL 62942

Units
12
Price / Unit
$20,833
Est. GRM
1,213.59
Gross Income
$206

Property Overview

Welcome to Walker Hill, a multi-family investment opportunity located in the scenic countryside of Grand Tower, IL. Set in a peaceful rural setting, the location offers tenants a quiet lifestyle while giving investors the chance to unlock tremendous value. This property consists of four buildings with a total of 12 units, 10 one-bedroom apartments (including one fully handicap accessible) and 2 two-bedroom units. Each unit features one bathroom, a generously sized pantry, and ample storage space, Currently, one unit is occupied while the remaining units require varying levels of renovations. Currently operating as income-based subsidized housing. 24 hr notice required for showing occupied units. The property includes a coin-operated laundry facility, providing an added income stream for owner and convenience for tenants. The property is currently in foreclosure and is being sold strictly as is. Whether you're expanding your portfolio or searching for your next high-potential project, Walker Hill delivers an all-in-one investment.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$206
Reported Annual Expenses
$1,900
Estimated GRM
1,213.59

Property Details

Units
12
Building Size
1,250 SF
Lot Acreage
3.19
Lot Dimensions
315x441
Stories
1
Year Built
1988
Building Age
36-50 Years
Construction
Brick, Aluminum Siding
Parcel Number
1625201002

Operations & Utilities

Heating
Electric
Cooling
Central Air
Electric
Separate Meters
Documents Available
Legal-Description

Location & Use

County
Jackson
Market Area
Grand Tower

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.