2275 Sheridan Road Zion, IL ^$ 599,000

2275 Sheridan Road

^$ 599,000

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2275 Sheridan Road

Zion, IL, 60099

^$ 599,000

Bedrooms4 Baths0.0 Sq 14,400

Monthly Estimate*

^$ 3,981

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Multi-Family Home for sale in Zion, IL

for $599,000 with 4 bedrooms. This 14,400 square foot home was built in 1961 on a lot size of 0.367309.

Great opportunity to diversify your portfolio! This multifaceted property allows investors to take advantage of different types of property in a single investment and features four long-term tenants including an established Napa Auto Parts store, two apartments and a multipurpose garage. The current CAP rate is 7.89% with big potential to grow. Perhaps you're looking for a place to start your own small business with living arrangements onsite. The prospects are endless. This listing which includes 2275 and 2271 Sheridan Rd., consists of three parcels and two separate buildings, as well as a 15-car parking lot located adjacent to the building. Call today for more details or to schedule a showing. All information on the tenants, leases and expenses will be attached.

Multi-Family Active

Price

^$ 599,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 22,659

Style

Lot Size

0.367309

Year Built

1961

Town/City

Zion

County/Region

Lake

MLS | Web ID

11806490

Features

General

Cooling Central Air

Zoning COMMR

Construction Materials Brick Block

Year Built 1961

Electric Circuit Breakers Service - 201 to 600 Amps

Tenant Pays Air Conditioning Electricity Heat

Stories 2

Tax Year 2021

Gross Income 78600

County Lake

Net Operating Income 51310

Operating Expense 27276

Insurance Expense 4000

Property Type Commercial Sale Multi Family 5+

Possible Use Commercial

Status Active

Directions Heading North on Sheridan turn right onto 23rd St.

City Zion

NumberOfUnitsTotal 4

MLS Area Zion

Lot Size Square Feet 16000

Street Name Sheridan

Tax Annual Amount 22659

Electric Expense 0

Fuel Expense 0

Trash Expense 312

Water Sewer Expense 312

Additional Parcels Y/N Y

Days on Market 346

Standard Status Active

Exterior

Building Area Total 14400

Lot Dimensions 125X128

Frontage Type City Street

Interior

Street Suffix Road

* Excluded Features

List By

Homesmart Connect Llc

Broker

jeremyschwab1@gmail.com

Affordability Calculator

$5,869

Per Month

Monthly Principal & Interest: $3,981
Monthly Property Taxes: $1,888
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Zion, IL

Average List Price ^$447,406

Percent of Sale Price 25%

About Zion, IL

23,493 Population

3% Since 2002

^$46,805 Median Income

34.16 Median Age

39% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/23/2023	$599,000	-7.85%	Price Down
6/13/2023	$650,000		Listed Price

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2275 Sheridan Road, Zion, IL, 60099 is a Multi-Family Home for sale at $599,000 with 14,400 sqft and a lot size of 0.367309. 2275 Sheridan Road has 4 bedrooms, 0.0 baths, and was built in 1961. The property's zip code is 60099 which is in Zion, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/2/2024.

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2275 Sheridan Road

Multi-Family Home for sale in Zion, IL

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