170 Round House Street,Braidwood, IL 60408
Braidwood, IL 60408
Description
Offered at $325,000, representing an entry basis of just $81,250/unit (as a 4-unit) or $54,166/unit(upon 6-unit conversion), and approximately $62.70/sq. ft. across the primary floors. Massive Floorplate & Scale: Substantial footprint totaling ~5,182 sq. ft. across two primary levels (~2,591 sq. ft. per floor), allowing for oversized, high-demand 2-bedroom rental layouts. Unit Density Expansion: Full attic space provides the immediate physical potential to add 2 studio apartments, increasing the property from a 4-unit to a high-density 6-unit income generator. Substantial Forced Equity & Cash Flow: Blank canvas condition allows an investor to select high-durability, modern finishes to capture top-of-market rental rates in a strong local rental market. Durable Masonry Construction: Solid all-brick exterior concrete block building with concrete precast floors. ongoing structural and exterior maintenance overhead. Favorable Will County Location: Positioned with convenient access to Route 53, I-55, and regional industrial/logistics employment lPrime Value-Add Multi-Family Opportunity | High-Upside All-Brick Asset 170 Roundhouse St, Braidwood, IL 60408 Solid, all-brick multi-family property offering massive value-add potential and significant scale. The building features an expansive footprint with approximately 2,591 square feet per floor, currently configured as four large 2-bedroom apartments ready for modern finishes and premium rental rates. Heavy Value-Add & Density Upside: Existing layout comprises four generous 2-bedroom units, with direct potential to build out the full attic space into two additional studio apartments-transforming the asset into a high-yielding 6-unit building. Substantial Scale: ~2,591 sq. ft. per floor delivers excellent room sizes, efficient mechanical routing, and optimal floor plans. Durable All-Brick Construction: Robust exterior framework minimizes long-term structural maintenance. Strong Pro-Forma Income: An ideal project for experienced investors or developers looking to maximize unit count, force appreciation, and capture strong cash flow. Prime Will County location with convenient access to regional employment corridors and Route 53 / I-55. Ideal for a 1031 exchange or portfolio addition. Sold as-is
Details
| MLS # | 12741087 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 14 |
| Listing Provided By | WEB VIDEO Realty | Michael O'Donnell |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| Basement | Y |
| Acreage | 0.80 |
Interior
| Rooms Total | 12 |
|---|---|
| Heating | None |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 6159 |
Area Information
| State | IL |
|---|---|
| County | Will |
| City | Braidwood |
| Zip Code | 60408 |
| Area | Braidwood |
| Listing VS Median (in 60408) | |
Price: $325,000 low | high Med: $318,000 On site: 14 low | high Med: 92 | |
Market Activity 60408
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Braidwood |
| Zip Code | 60408 |
| Area | Braidwood |
| Listing VS Median (in 60408) | |
Price: $325,000 low | high Med: $318,000 On site: 14 low | high Med: 92 | |
