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5227 Main Street

Downers Grove, IL 60515
  • $4,600,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 11764222
UPDATED: 128 min ago
$4,600,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

PLEASE DO NO DISTURB TENANTS. Mixed use 3 story retail/apartment building in downtown Downers Grove central business district. 16 apartments (12-1 bedroom, 4 studio) 4 leased retail spaces and 1 rear commercial space. Property is fully leased except for 1 small commercial studio space on rear first floor. All leases are month to month including retail tenants which have been long term occupants. Full basement with storage and laundry facilities. Below market rents. Walk to stores, train etc. in thriving downtown community. Apt. rents range from 895.00 to 1,300.00 a month.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5227 Main Street Downers Grove, IL 60515

  • Price: $4,600,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 128 min ago
  • MLS #: 11764222
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1925
Built
Neighborhood:
Downers Grove
County:
DuPage
Area:
Downers Grove
Property Description
PLEASE DO NO DISTURB TENANTS. Mixed use 3 story retail/apartment building in downtown Downers Grove central business district. 16 apartments (12-1 bedroom, 4 studio) 4 leased retail spaces and 1 rear commercial space. Property is fully leased except for 1 small commercial studio space on rear first floor. All leases are month to month including retail tenants which have been long term occupants. Full basement with storage and laundry facilities. Below market rents. Walk to stores, train etc. in thriving downtown community. Apt. rents range from 895.00 to 1,300.00 a month.
Exterior Features

Parking Total 5

Interior Features

Cooling Window Unit(S) Heat Ventilation Hot Water Number Of Dryers 1 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 16860 Built Before1978 YN Yes Fire Protection Alarm Monitored Gross Income 296940 Gross Scheduled Income 296940 Insurance Expense 7680 Location Central Business District Maintenance Expense 0 Mls Actual Status Active Net Operating Income 230672 Operating Expense 66268 Tax Annual Amount 27138 Tax Year 2021 Tenant Pays Electricity Total Monthly Income 24745 Township Downers Grove Type Multi Family 5+ Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Mark Butler Properties - Mbkb Llc: 630-707-3774.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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