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1620 Suydam Road Sandwich, IL 60548 Multi Unit - Multiple Active

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Description

A rare opportunity to own a well-maintained four unit ranch style apartment building in Sandwich! Each unit features a spacious living room, a functional kitchen, two bedrooms, and a full bathroom. Tenants also have access to a partial basement with individual laundry hookups and dedicated storage space. The property includes a detached four car garage, with one garage bay assigned to each apartment. Each unit is equipped with electric baseboard heat, a wall mounted air conditioning unit, and separately metered electric and water service, allowing tenants to be responsible for their own utilities. The building is connected to city water and is served by a private septic system. Recent improvements include a new roof installed on the apartment building in 2023, reflecting the property's excellent maintenance. Ideally located next to Edgebrook Golf Course, across from the Sandwich Fairgrounds, and on the edge of the city limits, this property offers a desirable setting with convenient access to local amenities. Current rents are below market for the area, providing an excellent opportunity for future income growth. Multifamily properties of this type are rarely available in Sandwich, especially those offering an attractive floor plan, prime location, and exceptional condition. Don't miss this outstanding investment opportunity, schedule your showing today before it's gone!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 4
County: DeKalb
High School: Sandwich Community High School
Listed By:
Swanson Real Estate 815-786-9418
MRED MLS
$599,700
Est. $3,964/mo
8beds
4baths
4cars
New to the Market Active
BEDS8 BATHS4 full MLS#12695962
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 430

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1620 Suydam Road, Sandwich, IL 60548.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $599,700$599,700$599,700
Down Payment $119,940$20,990$149,925
Monthly Mortgage Amount $2,954$3,578$3,735
Taxes $835$835$835
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$264$0
Monthly Estimated Total $3,964$4,852$4,745

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