832 N 11th Street, De Kalb, IL 60115

Description

**MULTIPLE OFFERS RECEIVED - Highest and best by Sunday, 9/20, at 5:00 PM to be considered. No escalation riders or love letters will be accepted.** SAVVY INVESTORS, TAKE NOTE! This well-maintained and conveniently located 2-unit duplex offers flexibility that you don't always find in an investment property: Live in one unit and rent the other. Rent both units. Maintain private use of the oversized 2-car garage, or rent the garage separately for additional monthly income. The options are endless here! Since the property is currently vacant, the next owner has the opportunity to bring rents to market value and maximize the property's income potential from day one. With its lower taxes, this opportunity isn't simply about today's rental income. It's about building long-term value and creating multiple ways to maximize the property over time. Both units feature their own private entrance, private basement, in-unit laundry (not shared) and separate electric meters, with very little shared wall space between them. Each unit offers a spacious living room, separate dining room and fully applianced kitchen, plus three bedrooms and a full bath upstairs. Hardwood floors add character throughout, while two separate decks overlook the large backyard. The current owners have made significant improvements during their ownership, giving the next owner a solid foundation to build on. Both water heaters were replaced in Sept 2019. Electrical was updated from fuse boxes to circuit breakers and the kitchen in the south apartment was refreshed in Dec 2019. Both back doors were replaced in Feb 2020. New copper pipes, PVC waste lines and venting installed in March 2020. The south apartment bath was also gutted to the studs in March 2020, with all electrical rewired and new insulation and venting added, along with a new toilet, vanity and medicine cabinet. Stairs to the basement in the south apartment were rebuilt in April 2020. The kitchen in the north apartment was refreshed in May 2020. A/C was added to both units in June 2020. Located on a quiet street near Littlejohn Elementary School and with convenient access to shopping and I-88, this is an investment that makes sense from both a cash-flow and long-term ownership perspective. The opportunity is definitely here. Come claim it before another smart investor does!