2909 Willow Ln Zion, IL 60099

Property Details for 2909 Willow Ln

Year built

2004

Lot size

1.97 lot acres

Property type

Commercial real estate

Description

This exceptional 16-unit multifamily property presents a compelling investment opportunity in Zion, IL. Situated on a spacious 1.97-acre lot at 2909 Willow Lane, this property consists of two 8-unit buildings, each offering eight 2-bedroom, 1-bathroom units. Currently fully occupied with a consistent rental history, the property boasts below-market rents, presenting significant upside potential for a discerning investor. Ample parking is provided with 36 spaces available for residents. Tenants are responsible for their own electricity, while the owner covers water, sewer, and trash services. Each unit includes a living room and dining room, enhancing tenant appeal. Convenience is further enhanced by on-site laundry facilities. Safety is prioritized with fire sprinkler systems in both buildings. Recent improvements include the addition of newly constructed handicap-accessible ramps and substantial upgrades to 10 of the units. This property offers a strong foundation for immediate income generation and long-term appreciation, making it an ideal addition to any investment portfolio. The property's current occupancy and below-market rents create a unique opportunity for immediate cash flow and future rental increases. The substantial recent upgrades and ongoing maintenance demonstrate a commitment to property value and tenant satisfaction. This is a turnkey investment ready for a new owner to capitalize on its inherent potential.

Location Insight

City

Zion

County

Lake

State

Illinois

Longitude

-87.85319

Latitude

42.46574