Fantastic opportunity to generate steady cash flow with this well-maintained 4-unit property, offering significant rental income potential. Fully rented, each unit comes with a stove, refrigerator, and wall AC unit. The roof was replaced just 4 years ago. Additional amenities include coin-operated laundry and storage units, plus parking available on-site. Situated on a peaceful, tree-lined corner street, this property is a solid investment. The owner is a licensed real estate agent in another state. Conveniently located near major highways, train station, shopping, and more.
There are 2 buildings on one lot. The front building has 2 units and an unfinished basement. The rear building is one unit. The property is being sold "AS-IS". Purchaser to verify zoning and to be responsible for any building violations. Do your diligence.
The median home value in Burnham, IL is $200,000. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Burnham, IL is $200,000. Approximately 56.98% of Burnham homes are owned, compared to 34.58% rented, while 8.44% are vacant. Burnham real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Burnham real estate agent to arrange a tour today!
Burnham, Illinois has a population of 4,085. Burnham is less family-centric than the surrounding county with 25.63% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Burnham, Illinois is $50,556. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Burnham is 36.6 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 37.8 inches per year, with 31.6 inches of snow per year.