Spring Bay, IL 61611,1012-1016 N LAKE ST
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Spring Bay, IL 61611,1012-1016 N LAKE ST
Spring Bay, IL 61611,1012-1016 N LAKE ST
Spring Bay, IL 61611,1012-1016 N LAKE ST
Spring Bay, IL 61611,1012-1016 N LAKE ST
Listed by AdamJ Merrick • Adam Merrick Real Estate

$169,900

Est. payment /mo

$169,900

Est.Price: ?

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1012-1016 N LAKE ST Spring Bay, IL 61611

4,728 SqFt

SOLD DATE : 03/28/2025

Key Details

Sold Price $169,900

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,728 sqft

Price per Sqft $35

MLS Listing ID PA1254918

Sold Date 03/28/25

Originating Board rmlsa

Annual Tax Amount $2,307

Tax Year 2023

Lot Dimensions 120X250

Property Sub-Type Commercial

Property Description

Come check out this great addition to your rental portfolio. This mobile home park features 6 homes on 6 lots. These are all park owned homes and are rented as such. 5 of the 6 homes are currently rented with one year leases in place. The 6th trailer will need remodeled to get it ready to rent. The property has one well that services all of the homes and each trailer has its own septic tank. Great cash flow currently bringing in $46k per year with the active leases in place and has room for more growth with the remodel of the 6th home. Pre approval/Proof of funds required for interior showings of the homes. Agent Owned.

Location

State IL

County Woodford

Area Paar Area

Zoning RESIDENTIA

Direction SPRING BAY TO ZIMMERMAN TO CAMPBELL LN.

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet

Fireplace N

Exterior

View true

Roof Type Metal

Garage 1

Building

Faces SPRING BAY TO ZIMMERMAN TO CAMPBELL LN.

Sewer Septic Tank

Structure Type Aluminum Siding,Vinyl Siding

Others

Tax ID 07-01-303-005

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