Gary Williams
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Positioned on a desirable corner lot in the established community of Lansing, this income-producing 3-bedroom, 2-bath ranch presents a compelling opportunity for investors seeking stable cash flow and portfolio growth. The property is tenant occupied with $1,950/month in rental income, offering immediate revenue from day one. With a finished basement and efficient layout, the home provides strong rental appeal and long-term tenant demand in the South Suburban rental market. Interior features include hardwood and wood-laminate flooring, a convenient main-level bedroom and full bathroom, and a finished basement that expands usable living space ideal for recreation, storage, or flexible tenant use. Additional highlights include a fenced yard, a 3-season room, and a detached garage. The location offers excellent accessibility near retail, dining, and daily conveniences, with quick connectivity to Interstate 94 providing a direct commute to surrounding suburbs and Chicago. Investor Advantage: This property can also be acquired individually or as part of a larger portfolio package, with three additional performing rental properties available, creating an opportunity for investors seeking scale, efficiency, and immediate income across multiple assets.
Property Highlights
Property Type: Residential - Single Family
Garage Size: 1
Built in 1953
Elementary School: Coolidge Elementary School
High School: Thornton Fractnl So High School
Middle School: Memorial Junior High School
General Information
Bedrooms: 4
Bathrooms: 2
County: Cook
High School: Thornton Fractnl So High School
Listed By:
Keller Williams ONEChicago
312-216-2422
MRED MLS
MLS ID: 12594305
Room Information
Bedroom 2: 13X11
Bedroom 3: 13X12
Bedroom 4: 13X12
Dining Room: COMBO
Family Room: 22X14
Kitchen: 15X13
Laundry: 15X17
Living Room: 19X13
Primary Bedroom: 14X13
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3617 Monroe Street , Lansing, IL 60438.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $195,000 | $195,000 | $195,000 |
| Down Payment | $39,000 | $6,825 | $48,750 |
| Monthly Mortgage Amount | $948 | $1,148 | $1,205 |
| Taxes | $271 | $271 | $271 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $86 | $0 |
| Monthly Estimated Total | $1,319 | $1,605 | $1,576 |
Gary Williams
REALTOR®
Cell: (309) 743-8040
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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