Marybeth Chupka
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Welcome to 383 Lynn Drive in Manteno, Illinois! This all-brick and vinyl four-unit apartment building is part of an excellent investment opportunity, being offered for sale together with the neighboring four-unit property at 391 Lynn Drive. Both properties must be purchased together as one package, totaling eight residential units. The building features four apartments, each offering two bedrooms, one bathroom, a living room, and an eat-in kitchen. Each apartment includes its own garage, with additional off-street parking available in the rear. The building offers two apartments on the first floor and two on the second floor and shared commercial coin-operated laundry facilities. Numerous updates have been completed, including a newer roof/gutters in 2022, vinyl windows, fresh paint, LVP flooring, select appliances, and updated interior, entrance, and exterior light fixtures. Additional land is available at the rear of the property, offering potential for future rental development, subject to city approval, zoning, and applicable permitting requirements. Located in the welcoming community of Manteno, this property offers an opportunity to acquire four rental units as part of a larger eight-unit investment package.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 4
County: Kankakee
High School: Manteno High School
Listed By:
Sancken Sole Realty
815-844-4104
MRED MLS
MLS ID: 12804478
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383 Lynn Drive , Manteno, IL 60950.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $475,000 | $475,000 | $475,000 |
| Down Payment | $95,000 | $16,625 | $118,750 |
| Monthly Mortgage Amount | $2,465 | $3,064 | $3,055 |
| Taxes | $661 | $661 | $661 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $209 | $0 |
| Monthly Estimated Total | $3,265 | $4,073 | $3,855 |
Marybeth Chupka
REALTOR®
Office: (563) 441-5015
Cell: (563) 529-2766
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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