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731 N Madison Street Woodstock, IL 60098 Multi Unit - Multiple Active

  • 731 N Madison Street, Woodstock, IL 60098 Main Photo

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Description

Turn-key investment opportunity or ideal owner-occupied 2-flat in a prime Woodstock location! The first-floor unit is currently in the process of moving out, creating an outstanding opportunity for an owner-occupant to move right in while generating immediate rental income from the occupied second-floor unit. This maintained property has been updated over the years, white trim and doors, hardwood and laminate flooring, updated lighting, and loads of windows that fill both units with natural light. The first-floor unit offers three bedrooms, a white cabinet kitchen complete with updated appliances, large living room and an updated full bath and half bath. The second-floor unit features one bedroom, large living room, nicely sized kitchen and updated bathrooms - one full and one half. Additional features include separate utilities for each unit, washer and dryer hookups in the basement (currently only the 1st floor unit has access to the basement), and a low-maintenance setup where tenants pay all utilities and are responsible for lawn care. Whether you're looking to live in one unit or expand your investment portfolio with a true turn-key property, this is an exceptional opportunity. Conveniently located just minutes from historic Downtown Woodstock Square, shopping, restaurants, schools, parks, and commuter routes. Don't miss your chance to own a versatile income-producing property in one of Woodstock's most desirable locations!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 4
County: McHenry
Listed By:
Berkshire Hathaway HomeServices Starck Real Estate 847-515-1200
MRED MLS
$279,900
Est. $1,905/mo
4beds
4baths
2cars
Active
BEDS4 BATHS4 full MLS#12705159
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 200

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Ruhl&Ruhl Realtors
563.441.1776

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731 N Madison Street, Woodstock, IL 60098.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $279,900$279,900$279,900
Down Payment $55,980$9,797$69,975
Monthly Mortgage Amount $1,415$1,715$1,757
Taxes $390$390$390
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$123$0
Monthly Estimated Total $1,905$2,328$2,247

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