Rehabbed 6-Unit Apartment
For Sale
Contact for pricing
3045 BERNICE Road, Lansing, IL 60438
Turnkey investment property with renovated units and high rental income.
Property SizeContact for details
Days on Market160
Property Features for 3045 BERNICE Road
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$65,045
Building Details
Year Built
1978
Stories
3
Units
6
Listing Agency:
EXP Realty
(773) 630-9205
Listed By:
Jake Fugman · License #IL 475.181407
Source:
Crexi
Added: Mar 14
Changed: Aug 9
Last Checked: Aug 18 at 8:00PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This is a rehabbed six-unit apartment building located in an apartment community. Fifteen of eighteen units across this building and two others have been fully renovated to modern standards. The property generates almost $9500 of rental income. A new roof was installed in the past year. Electric heaters have been installed in the units to reduce expenses, largely bypassing the boilers. The complex includes a large parking lot with ample space for tenants. This turnkey investment offers a potential cash-on-cash return of 9% at the asking price.
Key Highlights
- Turnkey investment property with 6 units in a desirable apartment community.
- High rental income of almost $9500, offering a 9%+ cash‑on‑cash return at asking price.
- Substantial renovations completed, including 15 of 18 units modernized.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 60438, IL
29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey investment property with renovated units and high rental income.
Where is this apartment building located?
The property is located at 3045 BERNICE Road Lansing, IL.
What is the asking price?
The asking price for this property is $738,000.
What are key features of this property?
This property features: Turnkey investment property with 6 units in a desirable apartment community.; High rental income of almost $9500, offering a 9%+ cash‑on‑cash return at asking price.; Substantial renovations completed, including 15 of 18 units modernized.
