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2396 Good Speed Ln Schaumburg, IL 60194

Sponsored
For Sale
$920,000

Six-unit building, low maintenance, high ROI.

Description

Added:
Feb 3, 2025
Days on Market:
348
This exceptional six-unit multi-family investment property located at 2396 Good Speed Lane, Schaumburg, Illinois, presents a unique opportunity for savvy investors. The property 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. The comprehensive homeowner's association significantly reduces landlord responsibilities, covering essential utilities such as water, gas, and common area electricity. Furthermore, the association handles parking lot maintenance, trash removal, snow removal, roof maintenance, boiler maintenance, siding maintenance, window maintenance, and upkeep of interior common areas. Landlord responsibilities are limited to the interior of the individual units and tenant leasing. Each unit comes with two assigned parking spaces. The property is exceptionally well-maintained, reflecting a commitment to quality and longevity. This offering presents a compelling investment opportunity, particularly given the potential for portfolio expansion. Note that the adjacent building at 2384 Good Speed Lane, Schaumburg, IL (MLS ID 12208022), is also available for purchase, creating a significant opportunity to acquire a larger, consolidated portfolio. The property is priced at $920,000.

Property Features for 2396 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
-88.13866
Latitude
42.04048

FAQs

What type of property is this?
Commercial real estate - Six-unit building, low maintenance, high ROI.
Where is this commercial real estate located?
The property is located at 2396 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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