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402 E MAIN STREET

Commercial For Sale
$420,000

BTC: 6.54311500

ETH: 238.23839722

60 days
0 room(s)
3,352 sqft

Overview

Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units. Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments. Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential. View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1946
Lot:
0.21 Acres
Heating:
Electric
Price/sqft:
$125
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$5,889
2025
All facts and features
  • Heating

    • Electric

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Refrigerator

  • Property

    • Levels: Two

    Lot

    • Lot: 0.21 Acres

    Other Property Information

    • Parcel Number: 272828836000014091

    • Zoning: R-1A

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family (5+)

  • Utility

    • Electricity Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,889

  • Source details

    • MLS ID: P4938541

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Direction Faces: North

    • Living Area: 3352

    • Water Source: Public

    • Subdivision Name: DUNDEE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: REAL ESTATE BROKERS USA, INC.