8 Bedroom Home For Sale in Dolton, IL

14510 S. Cottage Grove Dolton, IL 60419

Are you looking for an affordable four flat investment with great income opportunity? Well look no further because this four flat is ready to go! This income generating property is forty years old but has been recently updated. This two story building has a one bedroom one bath apartment, two apartments that have two bedrooms and one bath and one apartment that has three bedrooms and one bathroom. The size of the one bedroom unit is approximately 670 square feet, the two bedroom units are 825 square feet each and the three bedroom unit is 1240 square feet. Each unit has a living room, kitchen with room for a table, one full bathroom, a hall closet, and each bedroom has a large closet. The roof is eighteen years old. Tenants are responsible for their own electric bill. Each unit has thermostat controlled separate hot water baseboard heat with a gas hot water heater. Located in the Village of Dolton this four unit apartment building is a short fifteen minute drive away from River Oaks shopping mall. The Village of Dolton is located thirty five minutes south of Chicago and is near Interstates 94 and 80. For your suburban commuters, the community is served by Metra train stations in the nearby communities of Riverside and Harvey. Pace bus service is also available. The village has constructed the Dolton Waterfall at village hall, which attracts thousands of people during the summer with free concerts. For you golfers, the park district has a golf range located five minutes away. For the fitness enthusiasts, the village maintains Melanie Fitness Center with over nine thousand members and is open seven days a week.The exterior is in good shape with a masonary facade, wooden shutters, soffit and fascia. The aluminum gutters are also in good condition. The roof is in good shape with repairs made several years ago. Along with the hot water baseboard heat the first floor units have radiant heat in the floor. The three bedroom unit was updated four years ago with new kitchen cabinets, countertop and sink. The window air conditioning units were replaced three years ago in the three bedroom apartment and the kitchen floor was replaced this year. The air conditioning units in the one bedroom unit have recently been replaced. Stoves have been replaced in all four units with new refrigerators in two of the units. Each unit is cooled with window air conditioning units with 220 volts outlets for energy efficiency. All appliances stay. There is parking for six cars in front of the building. The rents for the units are as follows: one bedroom unit rents for 530.00 dollars per month, the two bedroom units each rent for 665.00 dollars per month and the three bedroom rents for 867.00 dollars per month for a total of 2,727.00 dollars in rental income per month. The three bedroom apartment is currently Section 8 subsidized. The building has a laundry room with a new coin operated washer and dryer. This unit is in good condition that generates positive cash flow for the current owner. An appraisal completed within the last two months valued the property at 319,000 dollars. Please, qualify buyers only. Take the virtual tour at www.buyowner.com and enter C H I 12400.