503/507 GRUNDY Street, Mazon, IL 60444  

LOOKING FOR POSITIVE CASH FLOW?? THIS IS IT!! THREE BUILDINGS TOTALING 10,742 SQUARE FEET ON JUST UNDER 1-ACRE COMMERCIAL LOT. ONE BLDG, BUILT IN 1988, IS 30'X50' (1,500SF) W/(8) 4'X15' STORAGE UNITS RENTED FOR $25/MO PLUS (6) 8'X15' STORAGE UNITS RENTED FOR $50/MO. INCOME FOR THIS BLDG IS $500/MO. A 2ND BLDG, BUILT IN 1996, IS 20'X80' (1,600SF) W/(7) 10'X20' STORAGE UNITS RENTED FOR $50/MO & (4) 4'X10' UNITS RENTED FOR $25/MO FOR A TOTAL OF $450/MONTH. EVEN THOUGH RENTS ARE WELL BELOW MARKET RATES, THERE STILL IS MONTHLY POSITIVE CASH FLOW OF $950 MINIMUM FOR THESE 2 BLDGS ALONE. THE 3RD BLDG, BUILT IN 1957, IS INSULATED & HAS A TOTAL OF 7,642 SF INCLUDING 4 GAS HEATERS, 200 AMP SERVICE, OFFICE AREA W/NEW METAL ROOF, KITCHEN W/REFRIG, GAS STOVE, FREEZER, MICRO, DBL SINK, & POPCORN MACHINE, 2 HALF BATHS, 2 OVERHEAD DOORS (10'X12' & 12'X12'), & 5 STORAGE UNITS OF VARIOUS SIZES. SEE MLS #09494176 FOR A 2ND LISTING WHICH INCL ONLY 2 BLDGS TOTALING 9,142SF W/$500 MONTHLY INCOME

Read More
  • Listing Type Vacant Land
  • Listing ID 09494179
  • Lot Size 0.93 acres
  • Listing Status For Sale Under Contract
  • County Grundy
  • County School District Elem:MAZON-VERONA-KINSMAN ELEMENTARY /Mi
  • School District 1 MAZON-VERONA-KINSMAN ELEMENTARY
  • School District 2 MAZON-VERONA-KINSMAN MIDDLE SCHO
  • School District 3 SENECA TOWNSHIP HIGH SCHOOL
  • Zoning COMMR
  • Taxes 6068.06
  • TaxID 0821129008
  • TaxYear 2015
Listing courtesy of Century 21 Coleman-Hornsby

mortgage calculator

  1. Help
  2. Down Payment optional for VA Loans. No PMI is required.
    Help

    *This option is for a conforming mortgage. For amounts exceeding $484,350, you may need a jumbo mortgage.

  3. Help
  4. PMI

    Help
additional info
additional info

Price History

Date Listed at or
3/18/2019 $210,000 $13,000
4/5/2018 $223,000 $12,000
Read More Read Less

Houses for Sale Nearby