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Off market
  • $139,100

    404 N Merchant St, Effingham, IL 62401

    2beds
    2baths
    882sqft
    MultiFamily
    Built in 1970
    -- sqft lot
    $139,100 Zestimate®
    $158/sqft
    $1,044 Estimated rent

    What's special

    Great Investment Opportunity! Landlord currently takes $25/mo. off of $450.00 rent rate for tenant to mow lawn. Both units have been 100% occupied and maintenance has been minimal but 5% for each is being used to get net income. Rent on 2nd unit could be raised to $450 also. Current taxes are $2,592 but owner is protesting; therefore using the rate for 2015.**Stove and Refrigerator each side; Washer & Dryer on South Side only; ***Net income based on 5% vacany and 5% maintenance

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 882 sqft

    Property

    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: 0316018008

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    Condition
    • Year built: 1970

    Community & neighborhood

    Location
    • Region: Effingham
    Services availability
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    An equal housing lender. NMLS #10287.