Property Description

Proud to announce this 16 unit multifamily portfolio consisting of four 4 unit buildings in Toluca, IL available immediately for sale. Offering consists of 8 2-bedroom apartments and 8 1-bedroom apartments. Also features two storage units and two laundry units on site. Ample parking and large yards offer a unique and welcome contrast to the modest homes in the town. Toluca offers industrial plants, assisted living restaurants, shops. Close to I-39/51. Easy to get to LaSalle, Peru, Bloomington, Normal, Streator, Ottawa. Significant improvements to the property in 2022-2025 including full remodel of 12/16 units: vinyl floor, paint, fixtures and appliances as needed. Also 2022-2025 roof repair, re-siding two buildings, repair parking lots and sidewalks, replace 18 electric panels, replace 8 water meters, replaced many stoves, fridges, hot water tanks, baseboard heaters, wall AC's. All fixtures and appliances are electric. Tenant pays electric and water, landlord pays garbage. Low taxes. Each 4 unit is parceled separately and can be sold individually to a buyer with a residential loan. Additional PINs 1405482009, 1405483011, 1405483012. Rent roll available upon request. As-is. Broker Owned.

Property Features