609 W Third Street Dixon, IL 61021

1 / 32

View all 32 Photos

Map

Investors take note, this special property features 2 commercial/retail spaces plus two rental upper apartments. Each apartment features two bedrooms, 1 bath, laundry and very open and spacious floor plan (1136 sqft.). Extra wide steps allow for ease of move. In addition to the two commercial spaces on main floor there is a full basement. HVAC newer on the main floor, upper units BB Heat and new sewer pipe. Central Air down, zoned B2. General Business 2263 sqft per level as per appraisal. Approx 1130 sqft. per upper rental. Current upper rent, $500 and $450. Lower tenant was $900, 2nd lower was $675. Seller paid all utilities on main floor and tenants paid all utilities up. Owners storage closet at top of steps. Roof approx 8-10 Years. Sellers expenses- Insurance $2286.00, Electric $1682, Gas $510, Garbage $375.16. Past income $900x12=10, 800, $675x12=8100, apt. $500x12=6000, $450x12=5400. As per seller-- Basement walls are at least 12" thick, floor between levels are 6" poured, reinforced cement. Walls on ground floor are cement block- up to ledge in the apartments, then apartments were finished with 1x6 not 1 x 4.