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Fully Occupied Four-Unit Quadplex
For Sale
$475,000

304 Wilshire Drive, Sandwich, IL 60548

Income-producing residential property with on-site parking, coin-operated laundry, and a history of extensive component updates.

Property SizeContact for details
Days on Market44

Property Features for 304 Wilshire Drive

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 4

Amenities

coin operated laundry
Electric
Asphalt

Building Details

Year Built 1970
Year Renovated 2019
Buildings 1
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Deborah Christensen
Source: Kw
Added: Jul 28 Changed: Sep 8 Last Checked: Aug 30 at 6:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group

Investment Insights

Based on property information with market context.

This four-unit residential building in Sandwich was built in 1970 and is fully occupied. Major improvements completed in 2011 included electrical and plumbing work, windows, doors, siding, soffits, fascia, flooring, kitchen cabinets, appliances, and air conditioners. The roof was replaced in 2019.

A coin-operated laundry area provides an additional owner income stream. Each unit is separately occupied, while a single water meter leaves water service with the owner and tenants responsible for their own electric usage. On-site parking is available in the backyard common area. The property is near schools, shopping, and restaurants at 304 Wilshire Dr.

Key Highlights

  • Four‑unit building is fully occupied
  • Roof replaced in 2019
  • Electrical, plumbing, windows, doors, siding, flooring, kitchens, appliances, and air conditioners updated in 2011

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Plumbing Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby

Demographics for 60548, IL

12,019
Population
4,649
Households
2.6
Avg Household Size
43
Median Age
21%
College-Educated
93%
High-School Grad
41.4 sq mi
ZIP Area
290
Density / Sq Mi
$83,774
Median Household Income
$40,072
Median Earnings
$1,046
Median Rent
$240,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Income-producing residential property with on-site parking, coin-operated laundry, and a history of extensive component updates.
Where is this quadplex located?
The property is located at 304 Wilshire Drive Sandwich, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit building is fully occupied; Roof replaced in 2019; Electrical, plumbing, windows, doors, siding, flooring, kitchens, appliances, and air conditioners updated in 2011
More about this property
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