524-532 3rd St, Lincoln, IL 62656

Income producing investment property. 16 rental units all located on one parcel. The main portion of the rental opportunity is 2 matching brick buildings with 6 2-bedroom units for a total of 12. 6 of the units are on the upper-level and 6 are on the lower level. The 3rd building on the property is a two story with both 1 bedroom apartments located on the second floor, the first floor level is currently used as storage but could be turned into an additional apartment or laundry facility. The 4th rental unit is a single family 2 bedroom home with an unfinished basement. There is off street parking in the front and the rear of this property. Major interior renovations in the fall of 2015 & the spring of 2016 included New carpet, paint, light fixtures, bathrooms, appliances, some electrical/heating and cooling and Approximately 80% of the plumbing. 13 2-bedroom 850sq. units produce $7150.00 per month and 2 1-bedroom $850.00 per month for a yearly total of $96,000. All lease agreements and security deposits can be provided for lender approval or at the time of an accepted offer.