2384 Good Speed Ln Schaumburg, IL 60194
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2384 Good Speed Ln
- Year built
- 1979
- Property type
- Commercial real estate
Description
This exceptional six-unit multi-family investment property is located at 2384 Good Speed Lane, Schaumburg, IL. Priced at $920,000, this well-maintained property offers a compelling opportunity for investors seeking a hands-off approach to real estate ownership. The building 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. A comprehensive homeowner's association manages most utilities, significantly reducing landlord responsibilities. Association fees cover water, gas, common area electricity, parking lot maintenance, trash removal, and snow removal. Furthermore, the association is responsible for maintaining the roof, boiler, siding, windows, and interior common areas. Landlord responsibilities are limited to the interior maintenance of individual units and tenant leasing. Each unit comes with two assigned parking spaces. This property presents a rare opportunity to acquire a low-maintenance, high-return investment in a desirable Schaumburg location. The property sits on a 0-acre lot. Detailed financial information is available upon request. This is an ideal investment for those seeking a streamlined, profitable venture in the multi-family market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.1387
- Latitude
- 42.0407
