INCOME AND CASH FLOWING PROPERTY — Sale in Richmond, IL

  • Price: $410K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Richmond, IL 60071
  • Year built: 1948

Description

This property offers a prime investment opportunity with strong rental income potential. It includes five rental units across two separate buildings, plus a large 24 x 40 detached garage, all nestled on a wooded one-acre lot. The first building was rebuilt in the early 2000s and contains two spacious units, each featuring two bedrooms, a full bathroom, and a full basement. The second building houses three units: a one-bedroom unit with a kitchen and full bath, a studio unit with its own kitchen and full bath, and an upper-level unit offering two bedrooms, a kitchen, and a full bathroom. Additionally, the detached garage provides an extra stream of rental income.

Market Context

This multifamily in Richmond, IL is listed for sale at $410,000. The building dates to 1948. It has been on the market for 74 days. Compare it against other multifamily listings for sale in Richmond, IL — view the full market.

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