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    573-585 S Mazon St Coal City, IL 60416

    Under Contract
    For Sale
    $383,000

    Residential Income - Coal City, IL

    Lot size:
    0.23 Acres
    Days on Market:
    242
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 573-585 S Mazon St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Utility Room
    Bedrooms
    8
    APN
    0903284008
    Parking
    12
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1978
    Architectural style
    Other

    Kale Realty (312) 939-5253 [email protected]

    Listing agent Samuel Burnoski (312) 939-5253 License #475177828

    Listing date Apr 9, 2025

    MLS# 12316231 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coal City Multifamily Investment

    Located in the heart of Coal City, Illinois, this four-unit multifamily property presents a residential income opportunity. Each unit features two bedrooms and one bathroom. The building has undergone recent renovations and upgrades to both the units and the exterior within the past 6 months. One unit is currently rented short term as a furnished rental. The remaining three units are vacant, providing flexibility for the new owner's rental strategy. The building's structure and systems are reported to be in good condition, suggesting potentially low maintenance. While some units may benefit from aesthetic updates at the new owner's discretion, the property is described as solidly built. The owner is willing to assist in renting the remaining units at $1200 per unit with a good offer. Alternatively, the new owner could continue short or mid-term leasing for over $2000 per month per unit. The property is situated on a 0.23-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coal City
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2846
    Latitude
    41.2967

    Nearby Similar for Sale

    • $2,110,000
      7,225 SF

      Coal City O'Reilly Auto Parts

      Net-leased auto parts store, strong ROI.
      860 Division St, Coal City, IL 60416
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building in growing community with renovation and rental upside.
    Where is this quadplex located?
    The property is located at 573-585 S Mazon St Coal City, IL.
    What is the asking price?
    The asking price for this property is $383,000.
    What are key features of this property?
    This property features: - Four-unit building in the heart of quickly-growing Coal City.; - High rental demand area with potential for $2000+/month per unit via short/midterm leasing.; - One unit currently rented short term as a furnished rental for over $2000/month.
    (312) 939-5253
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    573-585 S Mazon St Coal City, IL 60416
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    573-585 S Mazon St Coal City, IL 60416
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