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Property profile

2384 Good Speed Ln Schaumburg, IL 60194

OFF-MARKET
Commercial real estate
Built 1979
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1979

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2384 Good Speed Ln Schaumburg, IL 60194
Schaumburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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