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MLS Properties
10
615 Frances Street IL
$179,900 Sale
Listed 11 hours ago
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Key Facts
Key facts for 615 Frances Street IL
Property Type
Apartment
Parking
2 parking
MLS #
12463986
Size
-
Basement
Crawl Space
Listed on
-
Lot size
-
Tax
$14,853.77 /yr
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Fantastic investment opportunity in beautiful and serene Phoenix, IL! This solid 4-unit apartment building is fully rented with long-term month-to-month tenants, and current rents offer plenty of room for substantial increases. Each apartment features two bedrooms and one bathroom, with one of the ...units recently remodeled and upgrades throughout. Major improvements have already been made: the roof is only 1.5 years old, the rear porch is less than five years old, and the front porch was just replaced in 2025 with a $30,000 investment. All units have separate heating systems and hot water tanks, giving tenants full independence. Outside, there's plenty of street parking plus two unassigned spots in the rear, and the property includes an additional lot next door, offering potential for expansion. Whether you're looking for a potential cash cow or a great setup for related living, this is an incredible opportunity in a welcoming community. Showings will be held Saturday and Sunday from 10:00 AM to 12:00 PM, with access to a minimum of 2 units during those times.
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Listing courtesy of: Alexander & Associates Realty Group

Listings courtesy of MRED as distributed by MLS GRID.