Rehabbed 6-Unit Apartment
For Sale
$762,000
3061 Bernice Road, Lansing, IL 60438
Turnkey investment opportunity with renovated units and new roof.
Property SizeContact for details
Days on Market266
Property Features for 3061 Bernice Road
General Information
Standard status
Active
Property subtype
Multi Family 5+ / Flats
Net Operating Income
$67,427
Taxes and HOA fees
Annual Taxes
$21,996
Building Details
Year Built
1978
Stories
3
Listing Agency:
eXp Realty
Listed By:
Michael Scanlon · License #475188240
(773) 630-9205
Source:
Compass
Added: Jan 12
Changed: Oct 4
Last Checked: Oct 4 at 12:33PM
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. The property has undergone renovations to meet modern standards. The building features a new roof that was installed in the past year. Electric heaters have been installed in the units, reducing reliance on the existing boilers. The property includes a large parking lot with ample space for tenants. The property generates $9700 of rental income.
Key Highlights
- Turnkey investment property with 6 units in a desirable apartment community.
- High cash‑on‑cash return (9%+) at asking price.
- Significant renovations completed, including 15 of 18 units modernized.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey investment opportunity with renovated units and new roof.
Where is this apartment building located?
The property is located at 3061 Bernice Road Lansing, IL.
What is the asking price?
The asking price for this property is $762,000.
What are key features of this property?
This property features: Turnkey investment property with 6 units in a desirable apartment community.; High cash‑on‑cash return (9%+) at asking price.; Significant renovations completed, including 15 of 18 units modernized.
