106 108 S 3rd AVE, Mendota, IL 61342
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106 108 S 3rd AVE, Mendota, IL 61342
106 108 S 3rd AVE, Mendota, IL 61342
106 108 S 3rd AVE, Mendota, IL 61342
106 108 S 3rd AVE, Mendota, IL 61342
Listed by Linda Kaszynskiof Dickerson & Nieman Realtors - Peru
Bought with Non Member of NON MEMBER

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Est. payment /mo

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Est.Price: ?

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106 108 S 3rd AVE Mendota, IL 61342


Key Details

Sold Price -

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12697176

Sold Date -

Year Built 1978

Annual Tax Amount $8,761

Tax Year 2025

Lot Dimensions .78

Property Sub-Type Multi Family 5+

Property Description

Exceptional investment opportunity featuring two well-maintained buildings comprised of one 4-unit building and one 8-unit building. Seven units have been fully remodeled with many modern updates, while four additional units are currently leased and producing steady income. All units are on 1 year lease with security deposits. One remaining vacant unit presents a prime value-add opportunity for renovation and increased rental revenue. Steady occupancy with some long term tenants. Each building has a laundry room with 2 separate coin operated W/Ds. The property also includes a 12-unit storage building, generating additional revenue with four units currently leased at $75 per month. The remaining eight units present a clear lease-up opportunity, allowing a new owner to significantly increase ancillary income and boost overall cash flow with minimal capital investment. Recent capital improvements include new roofs on both buildings at an approximate cost of $75,000, and seven numerous unit updates, reducing future maintenance expenses and enhancing long-term asset stability. This property offers a compelling combination of stabilized income, proven upgrades, and multiple avenues for revenue growth. An outstanding opportunity for investors seeking a high-performing asset with both immediate returns and long-term appreciation potential. All information deemed reliable but not guaranteed.

Location

State IL

County Lasalle

Zoning MULTI

Rooms

Basement None

Interior

Cooling Small Duct High Velocity

Fireplace Y

Exterior

View Y/N true

Building

Structure Type Vinyl Siding

Others

HOA Fee Include None

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Midwest Real Estate Data (MRED) VOW
Yuliya Benko

Yuliya Benko

Broker

+1(773) 503-0277

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