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463 Orchard Ln, Beecher, IL, 60401

4beds
2baths
--sqft
$250,000
--price/sqft
$1,966/moest. monthly cost
$78,640/yrincome needed

About This Home

Looking for a rock-solid addition to your portfolio or a smart way to let a tenant pay your mortgage? This meticulously maintained brick ranch duplex is the perfect find. Fully occupied and generating $2,550 in monthly gross rent, this building offers the stability of a long-term resident in one unit and a fresh, market-rate lease in the other. The Layout: Spacious & Functional Unlike your standard multi-family, this is a true side-by-side ranch featuring an attached garage and a full basement under both units, providing massive storage or future expansion potential. The West Unit: Features brand-new luxury vinyl plank flooring for a modern, durable finish. This unit comes with a refrigerator replaced just four years ago and a brand-new washer and dryer (only two months old) that stay with the home. Tenant on a lease at $1300/mo The East Unit: Home to a reliable, long-time resident ($1,250/mo), this unit features an oven replaced within the last two years. Key Investment Highlights Instant Income: Total monthly rent is $2,550 ($1,300/mo and $1,250/mo) - Better than 1% rule Flexible Occupancy: One unit is currently on a month-to-month lease, making this the perfect opportunity for an owner-occupant to move in while continuing to collect rent from the neighboring side. Low Maintenance: All kitchen appliances convey with the sale. The owner's side includes a washer and dryer, while the tenant side provides their own, keeping your appliance liability low. Solid Bones: Classic brick construction with a functional layout that remains in high demand for renters and homeowners alike. Prime Location Situated in a great, accessible location, this property is perfectly positioned for long-term appreciation and ease of management. Whether you are a seasoned investor or looking for your first "house-hacker" special, this is a lucrative, turn-key opportunity you won't want to miss!

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

8/10
Beecher Elementary SchoolGrades PK-50.4 mi
8/10
7/10
Beecher High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1968

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 2222164000020000
  • Special condition: None

Lot

  • Lot size: 10,005 sqft
  • Lot size dimensions: 145x69

Parking

  • Total spaces: 2
  • Parking features: Yes,Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2