About 402 E Main Street
Under contract-accepting backup offers. Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units. Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments. Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential. View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
Features of 402 E Main Street
| MLS® # | P4938541 |
|---|---|
| Price | $420,000 |
| Square Footage | 3,352 |
| Acres | 0.21 |
| Year Built | 1946 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Pending |
Listing Details
| Office | REAL ESTATE BROKERS USA, INC. |
|---|
Listing Map
Neighborhood Information for 402 E Main Street
Growing Population, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Don E Woods Opportunity Center Public - 6Th Grade to 12Th Grade |
0 Miles | |
|
Dundee Elementary Academy Public - Preschool to 4Th Grade - Closest Elementry School |
0 Miles | |
|
Dundee Ridge Middle Academy Public - 5Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Sandhill Elementary School Public - Kindergarten to 5Th Grade |
4 Miles | |
|
|
The Homeschool Connection Private - to |
4 Miles | |
|
|
Garden Grove Elementary School Public - Kindergarten to 5Th Grade |
4 Miles | |
|
|
Alta Vista Elementary School Public - Preschool to 5Th Grade |
4 Miles |
School data provided by GreatSchools