$1,200,000
Active
11 Days Online
0 Beds0 Baths12,000 SQFT
Active

106 E Schoolhouse Road Yorkville, IL 60560

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Rare opportunity to purchase a fully leased 12, 000 SF multi-tenant building in rapidly growing Yorkville! Selling due to retirement after 30+ years of ownership, this actively managed asset is now primed for continued cash flow with considerable appreciation lying between a lively downtown and ever expanding residential development to the south. A total of 8 office/retail units comprise the first floor including a new five year lease to a child daycare occupying 3, 150 SF. The second floor consists of six fully leased apartments: 2-one bedroom units and 4-two bedroom units. Units are spacious, mostly updated, and very easy to rent. All but one unit has a balcony. Coin operated laundry and storage lockers are located on main level. All tenants in the building are on year-to-year leases or longer; many of whom have been leasing their unit for 4 years or greater. Contact agent for rent roll details including tenants, lease rates, expenses, etc. Major improvements completed in 2024: complete tear off and replacement of roof, 2 furnaces, 1 new A/C, new flooring and paint in daycare. On site is a fenced in playground for the daycare, 2 car garage with attached storage space, two additional storage sheds, as well as a large green space that could be utilized for future development or expanded parking. Do not disturb the tenants- list agent must be present for all showings. Showings will typically require a 48 hour notice. Don't let this one pass you by- call for private showing!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyKendall
  • Taxes$19,085
  • HOA/Condo/Coop Fees$0
  • Days on Site11 Days
  • MLS StatusActive
  • MLS ID Number12164448
  • Home Size Source N/A
  • Year Built1970
  • Lot Size1.06 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Electric Circuit Breakers
  • Number of Stories 2
  • Acreage 1.06
  • Foundation Concrete Perimeter
  • Zoning COMMR
  • Number Of Stories 2

Interior Features

  • Cooling Central AirCentral IndividualWindow Unit(s)
  • Utilities Water-Municipal

Exterior Features

  • Roof Membrane
  • Construction Details BrickWood Frame

Community Features

  • MLS Area Yorkville / Bristol

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Monthly Payment (Est.)

$5,805
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