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$ 950,000
Est. payment | /mo
7,080 SqFt
$ 950,000
Est. payment | /mo
7,080 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,080 sqft
Price per Sqft $134
MLS Listing ID 12784011
Year Built 1978
Annual Tax Amount $15,417
Tax Year 2025
Lot Size 0.480 Acres
Lot Dimensions 98x196x99x199
Property Sub-Type Multi Family 5+
Property Description
**FIVE-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN MANHATTAN, IL!** Fully occupied, legally established five-unit income-producing property in Will County, offering approximately $89,400 in annual scheduled rental income with additional rental growth potential. The property features four 2-bedroom, 1-bath apartments and a spacious two-story, 3-bedroom, 2-bath owner's-style unit with an attached one-car garage. This larger unit offers two separate living areas, an updated kitchen, central air conditioning, and private laundry hookups, making it suitable for continued rental use or potential future owner occupancy, subject to existing tenancies. One additional apartment features an updated kitchen. The water heater, furnace, and central air conditioning system are approximately 10 years old. All five units are separately metered for electricity, with tenants responsible for their individual electric usage. Additional amenities include dedicated on-site parking and coin-operated laundry facilities with machines less than four years old. All units are currently occupied under month-to-month rental arrangements. Three units have not had rental adjustments in an extended period, presenting an opportunity to evaluate potential rent increases based on current market conditions and applicable laws. With established rental income, a desirable unit mix, and potential for increased revenue, this Manhattan multifamily property offers an attractive opportunity for investors seeking an income-producing asset in the southwest Chicago suburbs. Rent roll and operating expense information available upon request.
Location
State IL
County Will
Area Manhattan/Wilton Center
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vitalija Kucinskaite of Keller Williams Preferred Rlty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Michael Bempah
Broker License ID: 475.175881
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