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2384 Good Speed Ln Schaumburg, IL 60194

Sponsored
For Sale
$920,000

Six-unit building, excellent ROI potential.

Description

Added:
Feb 3, 2025
Days on Market:
350
This exceptional six-unit multi-family investment property is located at 2384 Good Speed Lane, Schaumburg, IL. Priced at $920,000, this well-maintained property offers a compelling opportunity for investors seeking a hands-off approach to real estate ownership. The building comprises three two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units, each equipped with a washer/dryer and dishwasher for tenant convenience. A comprehensive homeowner's association manages most utilities, significantly reducing landlord responsibilities. Association fees cover water, gas, common area electricity, parking lot maintenance, trash removal, and snow removal. Furthermore, the association is responsible for maintaining the roof, boiler, siding, windows, and interior common areas. Landlord responsibilities are limited to the interior maintenance of individual units and tenant leasing. Each unit comes with two assigned parking spaces. This property presents a rare opportunity to acquire a low-maintenance, high-return investment in a desirable Schaumburg location. The property sits on a 0-acre lot. Detailed financial information is available upon request. This is an ideal investment for those seeking a streamlined, profitable venture in the multi-family market.

Property Features for 2384 Good Speed Ln

General Information

Property type
Other commercial real estate

Building Details

Year Built
1979

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Listing Contact
Kelsey Zurweller

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Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
Schaumburg
County
Cook
State
Illinois
Longitude
-88.13868
Latitude
42.04071

FAQs

What type of property is this?
Commercial real estate - Six-unit building, excellent ROI potential.
Where is this commercial real estate located?
The property is located at 2384 Good Speed Ln Schaumburg, IL.
What is the asking price?
The asking price for this property is $920,000.
More about this property
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