For Sale
$849,000

1945 Schuyler Ave Kankakee, IL 60901

High-Income Potential Mobile Home Park

Overview

Added:
Feb 3
Days on market:
80
This exceptional mixed-use property, located at 1945 S Schuyler Avenue in Kankakee, Illinois, presents a lucrative investment opportunity. The property encompasses approximately three acres of land and currently features twenty mobile homes. All units are vacant, providing a unique chance for a buyer to renovate and reposition the property to maximize its income potential. The current asking price of $849,000 reflects an "as-is" sale, acknowledging the need for renovations and tenant acquisition. The seller anticipates a significant increase in value upon completion of renovations and occupancy. This presents a compelling opportunity for an investor seeking a hands-on project with substantial upside. The property's size and location in Kankakee offer significant potential for future growth and returns. The vacant status of the mobile homes allows for complete control over renovations and tenant selection, enabling the creation of a high-performing income-generating asset. This is a rare chance to acquire a substantial property in a desirable location at a competitive price point. The potential for increased value after renovations makes this an attractive investment for those seeking a project with significant return potential. The property is being sold "as-is" in its current condition, allowing for flexibility in renovation plans and tenant acquisition strategies. This presents a unique opportunity to create a thriving mobile home park in a strategic location.

Property Details for 1945 Schuyler Ave

Property type
Mixed-use properties
Year Built
1985

Location Insight

City
Kankakee
County
Kankakee
State
Illinois
Latitude
41.09749
Longitude
-87.87073

FAQs

What type of property is this?
Mixed-use property - High-Income Potential Mobile Home Park
Where is the mixed-use property located?
The property is located at 1945 Schuyler Ave Kankakee, IL.
What is the asking price?
The asking price for this property is $849,000.
How can I contact the broker?
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1945 Schuyler Ave
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