Rehabbed Six-Unit Apartment
For Sale
$690,000
3069 Bernice Rd, Lansing, IL 60438
Turnkey investment opportunity with renovated units and new roof.
Property SizeContact for details
Days on Market162
Property Features for 3069 Bernice Rd
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$21,996
Listing Agency:
eXp Realty
(773) 630-9205
Listed By:
Michael Scanlon · License #475188240
(773) 630-9205
Source:
Exprealty
Added: Mar 16
Changed: Aug 23
Last Checked: Aug 24 at 10:09AM
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 six-unit apartment building that has been significantly renovated. The current owners have fully renovated units to modern standards. The property generates $9109 of rental income. A complete tear-off new roof was installed in the past year. Electric heaters have been installed in the units to largely bypass the boilers, which reduces expenses. The complex includes a large parking lot with ample spaces for tenants. The property is presented as a turnkey investment opportunity.
Key Highlights
- Turnkey investment property with 6 units, offering immediate rental income
- Substantial renovations completed on the units to modern standards
- High cash‑on‑cash return (9%+) at the asking price
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
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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 3069 Bernice Rd Lansing, IL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Turnkey investment property with 6 units, offering immediate rental income; Substantial renovations completed on the units to modern standards; High cash‑on‑cash return (9%+) at the asking price
