23921 S Monee Rd

Crete, IL 60417
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3 bd, 3 ba | 2,408 sqft | Built in 1958

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List Price
$348,900

Initial Investment

$95,075

Purchase Price

$348,900

Down Payment

25%

Rent

$2,160

Total Return

$103,778

Annualized Return

14.4%

Cap Rate

3.4%

Gross Yield

7.4%

Cash Flow

-$8,027

Appreciation

7.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

58,495

HOA

None

Flood Risk

Not Required

Long time owner reluctantly offers this solid brick tri-level on almost 2 acres backing up to historic Thorn Creek Forest Preserve. Oak Creek & Thorn Creek cross the property feeding a seasonal pond and provide a wonderful escape from the city. Current owner is an artisan and his creativity and craftsmanship are evidenced throughut the spacious interior. Newer hardwood floors and trim, frosted entry door with beveled/leaded glass, bay window, built-in bookcase divider in LR, brick fireplace in LR and wood burning stove in FR. Huge (17' x 15') kitchen with blt-in SS appliances including "Jennaire", plentiful cabinets (some with display fronts), 2-pocket doors, breakfast bar, ambinat lighting, skylight, wood laminate floor, and patio door opening to the exterior deck. Retreat to your private master suite featuring HW flooring, walk-in closet, master bath with heat/exhaust light and private deck overlooking the back yard. LL family room has wet bar and wood burning stove. Laundry/mud room has gas and electric hookups for dryer. Attached 2+ car garage doubles as a workshop with adjacent 11' x 6' storage room, heat and overhead lights...also 30 amp electric for tools. Also storage building with loft. Extras include a gas-fired tankless "on-demand" water heater, water softener, sump pump, exterior decks, aluminum eaves, driveway alarm and vintage touches throughout. Store your extra carboat or toy in the hooped pavilion. Reasonable Will County taxes, no water or sewer bill (private well & septic), country living yet only minutes from Metra Train and Interstate 57 & 394. This is a special property with big room sizes, lots of living space, panoramic windows, and outdoor amenities (Backyard wildlife habitat designation) to enjoy after your long day. Seller open to FHA-VA financing but prefers buyer handle any lender required repairs.

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$24,624

Expenses

-$4,383

Property Taxes

-$9,300

Loan Payments

-$18,968

Net Cash Flow

-$8,027

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Bruce Hackel
RE/MAX 10
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12014496
Last Updated: 04/08/2024 19:04
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