221 Castle Street Sandwich, IL 60548 • Multi Unit - Multiple • Active $270,000

Description

Whether you're an experienced investor, purchasing your first income property, or looking to house hack by living in one unit while generating rental income from the others, this fully occupied triplex offers an outstanding opportunity. With three separate income streams already in place, this property is ready to start working for you from day one. One residential lease extends through December, while the other apartment and the garage tenant are currently month-to-month, providing flexibility for future plans.~~~The main floor apartment offers 2 bedrooms, 1 full bathroom, a spacious eat-in kitchen with abundant cabinet space, in-unit laundry, basement storage access, a covered front porch, and use of the attached one-car garage.~~~The second-floor apartment features a private entrance, 1 bedroom, 1 full bathroom, a comfortable living room, kitchen, and a private balcony deck.~~~Adding even more value is the detached 26' x 30' (780 square foot) garage with 10-foot overhead doors. Previously operated as a muffler shop, the garage is currently leased as a third source of rental income. All units are separately metered, and tenants have historically handled exterior maintenance.~~~Recent improvements include extensive renovations to the main-floor apartment with new drywall and insulation throughout much of the unit, five new main-floor windows (with two additional windows previously replaced), a roof and gutters replaced approximately six years ago, and an 8-year-old furnace. Whether you're expanding your portfolio or entering the investment market, this well-maintained, income-producing property offers immediate cash flow with future flexibility.

Property Highlights