13014 Bermuda Grass CT Breese, IL 62230
2,228 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,228 sqft
Price per Sqft $134
Subdivision Subdivision Prairie Estates
MLS Listing ID 26049416
Style Traditional
Year Built 2003
Annual Tax Amount $4,275
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type 2-4 Units
Property Description
Both units are currently occupied and cash flowing, with rents currently below market at $1,000/month per side — while comparable properties in the area are commanding $1,400/month. That's $800/month in immediate upside waiting to be captured at the next lease renewal, adding over $9,600 to your annual gross income without lifting a finger.
A brand new roof was installed in 2023, meaning virtually no near-term capital expenditure — your money goes to work from day one. The property has been meticulously maintained and professionally managed, with pride of ownership evident throughout. Tenants pay all utilities, eliminating one of the most unpredictable ownership expenses and keeping your net income clean and predictable.
The numbers work: at current rents the property generates $24,000/year in gross income with a 6.72% cap rate — and at market rents that jumps to $33,600/year with a cap rate pushing past 9%. Whether you're a first-time investor looking for a turnkey entry point or a seasoned operator adding a low-maintenance, income-producing asset to your portfolio, this property checks every box. Priced at $299,000. Call today — opportunities like this don't last.
Location
State IL
County Clinton
Rooms
Basement Other
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Garage Spaces 1.0
Utilities Available Electricity Connected, Sewer Connected
View Y/N No
Building
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Breese Dist 12
Middle Schools Breese Dist 12
High Schools Breese
School District Breese Dist 12
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
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