11 W Grand Ave., Fox Lake, IL 60020

Cash flow generator with long-term tenants in Downtown Business District, one block from Pistakee Lake and 0.3 miles to Metra station. This turn-key already generates a 6.9% overall cap rate with potential for more. West unit rent is $900, but enjoys view of Pistakee Lake and use of side yard. Interiors of both units were completely remodeled in 2013-2014, after furnace and windows were replaced, and both units were rewired. Siding and gutters were done in 2019. Roof was done in 2007 and furnace replaced in 2008. Can be had with 13 W Grand (2-unit) and 15 W Grand (2-BR SFH). Combined, the five-unit portfolio generates a 7.8% cap rate.