SoldApr 2, 2021

Listed by Frank Cincotta from RE/MAX Suburban

Source: Midwest Real Estate Data, LLC #10970696

516 N Addison Rd, Villa Park, IL, 60181

$390,000

6
2
6
0.19 ac.

MultiFam

•

9 days on the market

Sold: Apr 2, 2021

What's around 516 N Addison Rd

About this property

Well maintained duplex-building with two side-by-side, tri-level units each featuring, 3-bedrooms, 1 bath and partial basements, individual partial basement areas with washer-dryer, and mechanicals. Each unit has the same layout including a great room and kitchen on level 1, one bedroom and a full bath on level 2, and two bedrooms on level 3. Features include, hardwood flooring, newer windows, updated doors, trim, kitchens and baths, roomy closets, separate private patios, HVAC systems, water heaters, and unfinished basements with a look-out above ground level window making it ideal for possible finishing or extra storage. Current leases allow each unit 2 off-street parking spaces (garage, 1 car, and driveway, 1 car). Tenants pay for their own heat, electric, and gas. Above grade SF for the LR, Kit, Bath & 3 Bedrooms, is 1,201 SF (measured); partial basements, 280 SF. Photos are actual, prior to current leases. Unit 516 (the front unit facing Addison) is currently leased at $1,610 per month (including water) until 02-28-2021. On 03-01-2021, the rent will increase to $1,660/month (including water) until 02-28-2022. Unit 518 (the rear unit) is currently leased at $1,625/month (including water) until 05-31-2021. On 06-01-2021 the rent will increase to $1,675 per month until 05-31-2022. Both tenants pay for their own heat, electric, and gas. Yearly expenses include water-sewer-trash and Salt Creek Sanitary District ($2,160), and insurance ($1,650), and taxes ($5,640).

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