27 Harris AveMillbrook, IL 60536

Property Details for 27 Harris Ave

Year built

1930

Lot size

0.13 AC

Property size (Sq ft)

2,400 SF

Zone code

B-2

Property type

Commercial real estate

APN

04-16-176-010

APU

416176010

Description

This exceptional investment opportunity presents a 3,120 square foot mixed-use building situated at 27 Harris Avenue in Millbrook, Illinois. The property boasts two street-level commercial spaces currently occupied by a post office and a landscaping company, generating consistent rental income. A spacious two-bedroom, one-bathroom apartment occupies the second floor, also currently leased. All units are presently occupied, providing immediate cash flow. The commercial tenants' utilities are the responsibility of the landlord. Water and sewage services are provided via a well and septic system for all units. The residential tenant is responsible for their own gas and electric. This property benefits from a recently installed roof (October 2024). A significant improvement has been made with the removal of a tree located at the rear of the property. The property is offered at $155,000 and presents a compelling opportunity for investors seeking a diversified portfolio with strong rental income and minimal maintenance. The location in Millbrook offers convenient access to local amenities and transportation routes. This is a turnkey investment ready for immediate returns. The absence of a land acreage indicates the property is situated on a lot of less than one acre.

• Alternative Use

  Use

  Valuation

  Residential

  $496,017

  Hospitality

  $454,349

  Educational

  $378,013

  Medical

  $391,014

  Retail

  $588,021

Location Insight

City

Millbrook

County

Kendall

State

Illinois

Latitude

41.599

Longitude

-88.5545

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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