2396 Good Speed Ln Schaumburg, IL 60194
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2396 Good Speed Ln
- Year built
- 1979
- Property type
- Commercial real estate
Description
This exceptional six-unit multi-family investment property located at 2396 Good Speed Lane, Schaumburg, Illinois, presents a unique opportunity for savvy investors. The property 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. The comprehensive homeowner's association significantly reduces landlord responsibilities, covering essential utilities such as water, gas, and common area electricity. Furthermore, the association handles parking lot maintenance, trash removal, snow removal, roof maintenance, boiler maintenance, siding maintenance, window maintenance, and upkeep of interior common areas. Landlord responsibilities are limited to the interior of the individual units and tenant leasing. Each unit comes with two assigned parking spaces. The property is exceptionally well-maintained, reflecting a commitment to quality and longevity. This offering presents a compelling investment opportunity, particularly given the potential for portfolio expansion. Note that the adjacent building at 2384 Good Speed Lane, Schaumburg, IL (MLS ID 12208022), is also available for purchase, creating a significant opportunity to acquire a larger, consolidated portfolio. The property is priced at $920,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schaumburg
- County
- Cook
- State
- Illinois
- Longitude
- -88.1387
- Latitude
- 42.0405
