516 S MICHIGAN Court
Addison, IL 60101

HIGHEST AND BEST IS 5:30 PM January 11, 2024. ALL SHOWING WILL START PROMPLY AT 2PM AND END AT 3PM JANUARY 10TH. WE HAVE A LARGE AMOUNT OF PEOPLE ATTENDING. Great DuPage County Building with no association. Building has (3) 2 bedrooms and (2) 2 bedrooms. Unit number 1 is a much larger unit with 1.1 bathrooms and approximately 1400SF with a tenant that has occupied for over 30+ years and helps with interior and exterior maintenance. Unit #5 has been completely updated in April 2023. Unit 3 lease expires April 2024 and could get more for rent if buyer wishes. New roof and gutters and downspouts installed 2022, new windows throughout building in October 2023. Brick tuck-pointing in great condition. HWT less than 7-years old. Coined washer and dryer, for extra income, is less then 4 years old. Boiler is aged but is still working great and has been certified by our HVAC contractor. Main boiler pump just was replaced September 2023 along with (1) other pump. All other units are in good clean condition with most having hardwood flooring. Building is well maintained inside and out. Sellers hate to sell but due to unforeseen issues with the sellers, our loss is your gain. Tenants pay electric with separate meters and breaker panels in each unit. Each unit has (2) assigned parking places which have been freshly striped in July 2023. Property is located within a cul de sac, quiet area and building backs up to Fullerton Elementary School. Sellers received a 2-year waiver from The Village of Addison for their yearly inspection due to the great condition and upkeep of this building. Sellers are currently accepting offers. However, we are requesting all interesting buyers to submit offers to email address in agents remarks section. Only drive-by inspection for now. DO NOT, I REPEAT, DO NOT ATTEMP TO BOTHER TENANTS. THEY ARE NOT AWARE AS OF YET THE BUILDING IS BEING SOLD. WE ARE TRYING TO CORDINATE WITH TENTANTS FOR ALL SHOWINGS OF ENTIRE BUILD AND UNITS BETWEEN 2-3 PM ON JANUARY 10, 2024, AT WHICH TIME WILL ASK FOR HIGHEST AND BEST OFFERS. BUILDING WILL BE A GREAT INVESTMENT WITH A NICE NET ANNUAL INCOME. WATER BILL CONTAINS GARBAGE BILL WITH (1) DUMPSTER.