1822 Raab Avenue Belleville, IL 62226

$275,000

2732 Square Feet

Tax History: $8028 - 2022

Estimated Payment: $1,303 Per Month*

Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]

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Property Description

$275,000 , Located in JANTZEN'S ADDITION, BELLEVILLE. ZIP Code: 62226

Current Automotive Shop with two Rental Houses For Sale as a Package, This property houses Ross Automotive that has been an Established Business for over 40 years, Shop is in Excellent Condition, Numerous Drive in Bays, 3 Vehicle Hoists that Stay, Overhead Furnaces in Shop, Storage Rooms, Reception area and Private office. The two Rental Houses have Been Leased for years with Long Term Tenants have been Maintained very well. Rents As Follow: 1822 Raab is $850.00 per month and 1828 Raab is $750.00 per month, Tenants pay Electric and Gas, Landlord pays Sewer, Trash and Water. The entire property is zoned Single Family but shop is operating under a long-term variance with the city. New buyer would have to apply for extension on variance to keep shop operating. This a unique opportunity to buy an excellent automotive property with rental income. Please call with questions, showings by appointment only and listing broker must be present. Second parcel number is 08-20.0-412-018

This property is located on 0.41 Acre(s).

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MLS#: 23059843
Listing ID: 37119
Updated: 54 days ago
Days on site: 53 days

Listing provided by

Jeff Franke

Kunkel Wittenauer Group, Inc

* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.

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