304 Lincoln Ct Addison, IL 60101
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 304 Lincoln Ct
- Year built
- 1962
- Property type
- Commercial real estate
Description
This exceptional six-unit multifamily property located at 304 W Lincoln Court, Addison, IL, presents a compelling investment opportunity. The building comprises five two-bedroom units and one one-bedroom unit, offering a diverse tenant base. Its prime Addison location ensures consistent occupancy and strong rental income. The property is meticulously maintained, boasting recent upgrades including a new hot water heater and a new boiler, minimizing operational expenses and maximizing return on investment. Tenants are responsible for their own electricity, further reducing the owner's operational costs. The units themselves have been updated, enhancing their appeal to renters and contributing to higher rental rates. This well-managed property offers a stable and lucrative investment opportunity for discerning buyers seeking a turnkey multifamily asset in a desirable location. The building's excellent condition and low operating expenses make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a profitable, well-maintained multifamily property in a thriving market. The property is offered at $760,000. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Addison
- County
- DuPage
- State
- Illinois
- Longitude
- -87.99582
- Latitude
- 41.93782
