1212 South Forums , Wheeling, IL 60090

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Price: $695,000
Bed: 7
Bath: 4
Taxes: $11943.34
Market Time: 27 days
Year Built: 1978
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Description:

Resort like atmosphere with beautiful private courtyards, tennis courts and pool. End unit, fully rented 4 unit all brick building, condo quality. Amazingly maintained by Original owner & Family since 1977. Rare 4 flat in Forums subdivision. Great location and condition with newer roof and windows. Each unit with light, bright living room and kitchen, loads of closet space & storage. Three units with 2 large bedrooms and 1 full bath and one unit with 1 large bedroom & 1 full bath. Units updated with 6 panel white doors and trim, decorator fixtures/fans, dishwasher, disposal, stove/oven and refrigerator. 2nd floor units have vaulted ceilings with skylights & private balcony. 1st floor units have private patio overlooking courtyard. Each unit with separate central heating & air system, individual furnace, central AC, hot water heater & private electric meter. Tenants pay for all utilities per unit. Owner pays for common water, electric and laundry rm hot water. Easy to rent & definite potential for higher rents. Great investment opportunity, located in well managed small complex (only 26 buildings total: 24 -6 flat and 2 -4 flat buildings) Ample parking, tennis courts and swimming pool. Seller owned Coin operated washer and dryer for an additional ave $130/mo income. HOA fee $285/mo includes pool, 2 tennis courts, landscaping, lawn care, snow removal, salt & garbage removal. Additional assmt $133/mo for parking lot repair reserves until 2026 only. All tenants are in good standing, long term residents. Newer roof and energy efficient windows throughout. Prime rental location close to parks, schools, shopping and transportation.

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