Property Description

Unique investment opportunity located on the edge of Mount Carroll including a 4-unit multi family apartment building, a brick ranch single family home, an approximately 60 X 35 pole building, and a detached garage all on approximately 2.5 acres. The four unit is a two story brick structure with (2) two bedroom apartments and (2) one bedroom apartments with each unit having one full bathroom. Electric and natural gas are metered separately for each unit. The single family ranch home offers approximately 1,188 finished square feet with two bedrooms, one full bathroom, and full kitchen, dining and living rooms. Unfinished basement space, as well as an accessible attic space, offer plenty of room for storage. The single family home lies within city limits and is serviced by city water and sewer, while the 4-unit is just outside of city limits and on private well and septic currently. There is potential to annex the 4-unit into city limits as well, which could produce more favorable zoning to further develop the property for either residential rental or even the potential to develop the property commercially as it has excellent visibility to US Highway 52 which has an average daily traffic count of 3,400 vehicles. The pole shed, and some vacant land along HWY 52 offer other potential sources of income for storage and potential to rent out signage for advertising. This multi use property is an excellent and affordable option for the beginning investor, or for experienced investors looking to add to their portfolio! Please inquire for lease and financial info.

Property Features

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