10 Unit Multifamily, Somonauk, IL

Highlights:

• - 6,000 SF building with 10 units
• - Built in 1920, renovated in 2019
• - Zoned INC for flexible use
• - Located in the desirable Somonauk area
• - Currently at 100% occupancy
• - Upside potential from below market rents

Description:

This exceptional property presents a prime opportunity for a savvy multifamily/mid-rise investor. With 10 units offering versatile living spaces, this historic gem, originally built in 1920 and thoughtfully updated in 2019, stands as a testament to enduring quality. Zoned INC and enjoying full occupancy, this investment promises immediate returns as well as the opportunity for additional returns through increased rents. Investors seeking a lucrative addition to their portfolio will appreciate the stability, appeal, and potential for further growth offered by this meticulously maintained property.

Nestled in the charming village of Somonauk, this prime location offers a blend of small-town allure and convenient access to amenities. Situated within close proximity to local attractions like the historic Somonauk Public Library and the Somonauk Community Park, the area presents a welcoming environment for professionals and visitors alike. With easy access to nearby dining options and retail destinations, this location caters to the demands of a modern workforce while maintaining the appeal of a tranquil setting. It's an ideal opportunity for a discerning investor seeking a strategic investment in an up-and-coming community.

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