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24134 State Route 53 Highway, Elwood, IL 60421
$585,000
24134 State Route 53 Highway, Elwood, IL 60421View this property at 24134 State Route 53 Highway, Elwood, IL 60421
24134 State Route 53 HighwayElwoodIL60421
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Property Description
This exceptional property generates over $10,000 per month in rental income, offering a consistently strong revenue stream. Appraise at list price. Welcome to 24134 State Route 53, Elwood, IL 60421 - a phenomenal investment opportunity just a half-mile from the famous Chicagoland Speedway! This 2.6-acre cash cow is perfectly tailored for investors seeking cash flow multiunits, offering a unique blend of residential properties. This rare gem boasts three single-family homes and a fully rented duplex apartment, all nestled within a prime location on Route 53. But that's not all! The property also features three expansive pole buildings (43x63, 41x92 & 33x75), all equipped with heated workshops, additional garages, and ample space for further development. The potential for growth and cash flow here is truly unparalleled! In-ground pool, city water, and sewer. Zoning is R-1B & B3. On 2 PIN numbers.
Full Property Details
Full Property Details for 24134 State Route 53 Hwy
General
- Sold For: $585,000
- Taxes: $11,211 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11924681
- Added to Site: 189 day(s) ago
Interior
- Interior Features: Storage Inside
- Fireplace: Yes
Parking
- Parking Features: 19 to 30 Spaces
Location
- Area: Elwood
- County: Will
- Driving Directions: 5 miles south of I80-RT.53 S
- Location Details: Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Stories/Levels: 2
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Acres): 2.6
- Lot Size (Sq. Ft.): 115,500
- Lot Dimensions: 300 x 385
- Frontage: State Road
- Potential Use: Office and Research, Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $18,000
- Assessment Year: 1950
- Tax Amount: $11,211
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Varies by Tenant
Disclosures and Reports
- Documents Avail.: Rent Roll
- Property ID: 1109200015000000
Listed and Sold by Vylla Home
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Schools
Schools serving 24134 State Route 53 Hwy
School Districts:Elwood Community Consolidated School District 203, Joliet Township High School District 204
Rating | Name | Grades | Distance |
---|---|---|---|
409 N Chicago Ave, Elwood, IL 60421 | PK-8 | 3.2 mi | |
201 E Jefferson St, Joliet, IL 60432 | 9-12 | 5.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24134 State Route 53 Hwy
Date
Details
Price
Change
Source
4/16/2024
Sold
$585,000
-9.3%
MLS
11/07/2023
Listed
$645,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24134 State Route 53 Highway, Elwood, IL 60421 (MLS# 11924681) is a Commercial property that was sold at $585,000 on April 16, 2024. Want to learn more about 24134 State Route 53 Highway? Do you have questions about finding other Commercial real estate for sale in Elwood? You can browse all Elwood real estate or contact a Coldwell Banker agent to request more information.