1102 Oak StWest Frankfort, IL 62896

For Sale
$139,000

21-Unit Complex w/ Rental Home & Storage

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity in West Frankfort, Illinois, presents a lucrative chance to acquire a 21-unit multifamily property encompassing two lots. The property includes a remodeled, two-bedroom, one-bathroom single-family home currently leased for $500 per month. The home boasts hardwood and tile floors throughout, and recent upgrades include a new HVAC system, attic fan, attic insulation, and a vapor barrier with spray foam insulation. In addition to the residential rental, the property features a 20-unit storage building, generating consistent income. Eight smaller units rent for $25 per month, while twelve larger units rent for $45 per month. The combined rental income from the house and storage units provides a strong cash flow. The property's address is 1102 W OAK Street, West Frankfort, IL 62896, and the tax bill reflects ownership of both lots. This turnkey investment is priced at $139,000 and offers significant potential for future growth and appreciation in the West Frankfort market. The property's location in Franklin County, Illinois, provides easy access to local amenities and transportation routes. This is an ideal opportunity for investors seeking a diversified income stream with a proven track record of rental success. The property is ready for immediate ownership and income generation.

Highlights

  • $139,000 asking price.
  • 21-unit multifamily property in West Frankfort, IL.
  • Property includes a 20-unit storage building and a 2-bedroom, 1-bathroom single-family home.
  • Rental income includes $500/month from the house and $25-$45/month per storage unit.
  • Includes two lots.
  • Single-family home features remodeled interior with hardwood and tile floors, new HVAC, attic fan, insulation, and vapor barrier.

Property Details for 1102 Oak St

Property type
Multifamily properties, Apartment buildings
Units
21

Location Insight

City
West Frankfort
County
Franklin
State
Illinois
Latitude
37.8968329
Longitude
-88.9412957
1102 Oak St, West Frankfort, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1102 Oak St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message