The property is comprised of (3) 2 bedroom units and(1) bedroom and (2) Commercial spaces that consists of (2) 1,400 square foot spaces. All 4 rental units have been recently renovated. The roof is 2 years old. The property is located in the Enterprise Zone The property is located on the corner of Belvidere and Powell Ave with Annual Average Daily Traffic of 21,600 . Great Value Add Opportunity and perfect for an owner/operator. The property is zoned B3 General Commercial and has a wide array of uses : Beauty Shop, Drug Store, Restaurant, Tobacco, Retail, Office. The property is less than 4 miles to I 94 and 2 miles to Rt 41. The city of Waukegan has a population of 89,184 Residence. With a median age of 32.5 both male and females. Median Household Income is 51,031. Current NOI is 24,394 with only the (4) rental units. Pro-forma NOI is 65,938 at a 15% Cap Rate with the 2800 square feet at $1.00 per square
Active
$430,000
Other
11330030
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