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1720 Magnolia Drive Chatham, IL 62629 • Commercial - Business • Active

  • 1720 Magnolia Drive, Chatham, IL 62629 Main Photo

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Description

Exceptional investment opportunity to own all 10 units in a brand-new condo community! Situated across four buildings, each condo offers 2 bedrooms, 2 full bathrooms, a 2-car garage with zero-entry, and thoughtfully designed spaces for comfortable everyday living. Features include open living and dining areas, bright kitchens with islands, white cabinetry, pantries, contemporary finishes, LVP flooring, and large covered rear patios. Each condo also offers a spacious primary suite with a tray ceiling, double-sink vanity, and walk-in closet, plus a conveniently located laundry room next to the primary closet. Construction is underway, with the final building now going up, offering the opportunity to purchase the entire community as it takes shape. An attractive addition to an investment portfolio, combining new construction, consistent floor plans, and the convenience of owning all units within one condo association. Video materials are available by request which shows a full visualization of the completed development and a tour of a finished unit. *The completed-development visualization is illustrative; final landscaping and site details may vary.*

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Available Sqft: 15130
Year Built: 2026

General Information

County: Sangamon
Listed By:
The Real Estate Group, Inc. Mobl: 217-553-9280
RMLSA
$3,500,000
Est. $25,231/mo
Active
SQUARE FEET21,000 MLS#CA1047084
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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1720 Magnolia Drive, Chatham, IL 62629.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,500,000$3,500,000
Down Payment $122,500$700,000
Monthly Mortgage Amount $22,576$19,339
Taxes $4871$4871
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,101$0
Monthly Estimated Total $30,569$25,231

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