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4300 Amelia Avenue Lyons, IL 60534 Multi Unit - Multiple Active

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Description

Here is your chance to build significant equity with this unique mixed-use commercial/residential property offering endless possibilities. The current owner has been in discussions with the Village regarding a proposed conversion to a 5-unit multifamily residential building, consisting of: Two 2-bedroom, 1-bath units. Two 1-bedroom, 1-bath units. One spacious 3-bedroom, 2-bath unit. The future owner has the flexibility to continue the conversion process and capitalize on the property's income potential or maintain its existing mixed-use configuration to suit their own business or investment goals. Whether you're a developer, investor, or entrepreneur looking for your next project, this property presents a rare opportunity to create substantial value and maximize returns in a growing market. Bring your vision and unlock the full potential of this exceptional investment. Attorney hired to appeal taxes.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Leader Realty, Inc. 773-888-7341
MRED MLS
$499,900
Est. $3,240/mo
Active
BEDS0 BATHS MLS#12673103
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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4300 Amelia Avenue, Lyons, IL 60534.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $499,900$499,900$499,900
Down Payment $99,980$17,497$124,975
Monthly Mortgage Amount $2,398$2,982$3,088
Taxes $696$696$696
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$220$0
Monthly Estimated Total $3,240$4,044$3,930

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