Discover an exceptional investment opportunity with this versatile 4-unit residential building, conveniently located close to Route 45 in Loda. This property features two spacious 3-bedroom, 1-bathroom units, and two comfortable 2-bedroom, 1-bathroom units. Recent updates include new paint and flooring throughout three of the units, providing a modern and inviting atmosphere for tenants. Each unit offers well-appointed living spaces with ample natural light and functional layouts. The common areas are designed for convenience, featuring a coin-operated washer and dryer, and shared storage space in back, adding valuable utility for tenants. The exterior of the property is well-maintained, with a recently replaced roof ensuring long-term durability and reduced maintenance costs. One tenant acts as a live-in property manager, handling mowing, snow removal and some minor repairs. Don't miss this chance to add a high-quality, income-generating property to your portfolio. Schedule a viewing today to see the potential for yourself!
The median home value in Loda, IL is $196,500. This is higher than the county median home value of $116,300. The national median home value is $338,100. The average price of homes sold in Loda, IL is $196,500. Approximately 61.39% of Loda homes are owned, compared to 18.35% rented, while 20.25% are vacant. Loda 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 Loda real estate agent to arrange a tour today!
Loda, Illinois has a population of 350. Loda is more family-centric than the surrounding county with 36.36% of the households containing married families with children. The county average for households married with children is 26.41%.
The median household income in Loda, Illinois is $50,000. The median household income for the surrounding county is $58,481 compared to the national median of $69,021. The median age of people living in Loda is 31.8 years.
The average high temperature in July is 84.7 degrees, with an average low temperature in January of 16.1 degrees. The average rainfall is approximately 38.4 inches per year, with 20.6 inches of snow per year.