Jeff Wehr
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
This exceptional 8-unit multifamily property on Channel Lake offers stable in-place income, proven occupancy, and significant embedded upside through below-market rents and irreplaceable direct lakefront frontage. Situated on a quiet street with 140 feet of Lake Catherine shoreline, the asset provides long-term tenancy, conservative rent growth potential, and an attractive basis relative to both current cash flow and the underlying waterfront land value. The property features a thoughtfully configured mix of units: 2 Three-Bedroom units, 2 Two-Bedroom units, 4 One-Bedroom units, including a charming standalone brick cottage A spacious backyard with mature trees creates a serene, picturesque setting for residents to enjoy. Tenant-Paid Utilities, all tenants are responsible for their own electric. Tenants contribute a set amount toward heat from November through April (the standalone brick cottage is responsible for both heat and electric). This rare lakefront multifamily asset combines reliable cash flow, strong tenant retention, and substantial future appreciation potential in one of Antioch's most desirable waterfront locations. Whether for an investor seeking portfolio stability or growth, this property represents a compelling opportunity in the Chicago-area market. Ideal for serious investors, contact us today for complete financials, rent roll, and a private showing.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Lake
Listed By:
eXp Realty
888-574-9405
MRED MLS
MLS ID: 12711070
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26198 W Spring Grove Road, Antioch, IL 60002.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $895,000 | $895,000 | $895,000 |
| Down Payment | $179,000 | $31,325 | $223,750 |
| Monthly Mortgage Amount | $4,526 | $5,483 | $5,619 |
| Taxes | $1246 | $1246 | $1246 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $537 | $0 |
| Monthly Estimated Total | $6,033 | $7,526 | $7,126 |
Jeff Wehr
REALTOR®
Office: (563) 441-5062
Cell: (563) 320-2298
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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