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665 W Wilmot St 665 W WILMOT ST, CHILLICOTHE, IL 61523
Mobile Home Community
Residential - Income
Property Description
Unique investment opportunity to add to your portfolio! Commercial lot with current cash flow and future upside. This C-2 zoned property on over half an acre includes an updated single-family rental home plus additional income from existing mobile home lot rentals. While no additional mobile homes may be added, the property offers strong potential as a long-term commercial investment with interim income already in place. Ideal opportunity for an investor looking to offset holding costs while planning for future redevelopment, commercial use, or repositioning. All tenants have their own Ameren meters and water lines have a submeter system installed for easy billback of water and sewer usage. Single Family home is a 2 bed, 1 bath with recent updates: roof, flooring, tile shower, drain line, water lines, furnace, water heater and a light kitchen remodel within the last 3 years. House rents for $975 and the 3 lots rent for $250 each.
Highlights
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Three (3) Leased Lots & One (1) Single-Family Rental
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$1,725 Gross Monthly Rent
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0.57 Acre Lot | Zoned C-2
Full Address: 665 W WILMOT ST, CHILLICOTHE, IL 61523
Listing Type: FOR SALE
Status: Active
Zoning: C-2
Region: M-EN
Use Type: Multifamily Investment
Property ID: 4094167
Parcel Num: 05-20-206-019
Number Units: 4
Number Buildings: 1
Three (3) Leased Lots & One (1) Single-Family Rental $1,725 Gross Monthly Rent 0.57 Acre Lot | Zoned C-2