1 Latham Place, Lincoln, IL 62656 (MLS # 20200152)

Price $190,000
Status Active
Beds 0
Baths 0 Bath
Home size 6,400 sqft
Lot Size n/a
Days on Market 99
WOW! A truly remarkable one of a kind historic opportunity awaits you with #1 Latham Place, Lincoln -- seven units -- all currently rented! At $190,000, this undeniably regal and amazingly solid all brick (minimal amount of vinyl siding at top of exterior side eaves) four story apartment complex is a solid buy -- and is situated right across from Latham Park and within steps of historic downtown Lincoln, Illinois! Each unit features a living room with hardwood flooring, dining area, efficient equipped kitchen, bedroom, and a full bath. Property also features charming natural woodwork, a full basement with laundry/mechanical facilities (two coin operated washer and dryers to remain) as well as both interior as well as exterior access points, efficient boiler heat (hot water), and a detached four car garage with rear alley access. Each unit rents for $450.00/month ($450.00 deposit for each). Landlord pays for water, sewer, and trash -- and also covers lawn maintenance and snow removal. Tenants are responsible for Ameren (all upper level units also have window air units that are owned by tenants). Garage stalls currently rent separately -- one currently rented for $50.00/month -- another currently rented for $75.00/month -- other two currently vacant. Garage features a slanted metal roof -- apartment complex features an architectural roof. Built to last and without question priced to sell, #1 Latham Place, Lincoln is bound to move quickly! A landlords dream!
Property Type(s): Multi Family
Last Updated 5/2/2020 Year Built 0
Community East Lincoln Township County Logan


Elementary School Dist 27
Jr. High School Lincoln
High School Lincoln

Additional Details

AIR Window Air
APPLIANCES Dryer, Range/Oven, Refrigerator, Washer
AREA East Lincoln Township
BASEMENT Full, Partially Finished
EXTERIOR Corner Lot, Mature Trees
GARAGE Detached, Yes
HEAT Gas, Hot Water
INTERIOR Foyer, Hardwood Floors
SEWER Public
TAXES 5,957.80
WATER Public
ZONING Residential



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