Sandy Basel
Cell: (815) 494-4132
Cell: (815) 494-4132
BEDS0
BATHS
MLS#12796006
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
RARE 16-UNIT VALUE-ADD ON 1.90 ACRES Built in 1978 as an assisted living residence and later operated as Doll Memorial Apartments, this single-story, 12,545 sq ft building offers something few small-town investments can: purpose-built construction, an efficient layout and real room to grow. The unit mix is simple and highly rentable. There are 8 studios (approx. 529 sq ft) and 8 two-bedroom apartments (approx. 634 sq ft), each with its own bathroom. The single-level design means no stairs, easy access to every unit and straightforward maintenance and turnovers. Ten units are currently vacant, and most are already in rentable condition, giving the next owner a clear path to lease-up through light work rather than major renovation. All of this sits on a generous 1.90-acre lot on the south side of Lena, near IL Route 73 and a short drive from Freeport. It's an outstanding opportunity for the investor ready to fill units, add value and build long-term equity. Buyer to verify all information.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Sleeve
Lot Size: 1.90 Acres
Stories: 1.0
Taxes: $23,030
Year Built: 1978
Feature Descriptions
Electric: Circuit Breakers
HVAC: Steam
Lot Dimensions: 0000
Parcel#: 10120410100100
Units: 16
Listed By / Shown By
Listed By
Agency Name: Home One Realty
Agency Phone: 708-214-6425
Shown By
Agent Name: Sandy Basel
Agent Phone: Cell: (815) 494-4132
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 5,060.77 per month $2,952.05 Principal & Interest $1,919.17 Property Tax $189.55 Homeowner's InsuranceChange Payment Information
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1008 Logan Street | MLS# 12796006
This multi-family property located at 1008 Logan Street, Lena, IL 61048 is currently listed for sale with an asking price of $649,900. Search Lena real estate on sbasel.gogambino.com today.