7973 IL Highway 29
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2020 | No longer available | - | |
| No longer available | |||
| May 12, 2020 | Relisted | $98,000 | |
| Relisted | |||
| Apr 9, 2020 | In contract | - | |
| In contract | |||
| Feb 4, 2020 | Listed | $98,000 | |
| Listed | |||
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Former Brewmasters Restaurant building is ready for a new life! High visibility, on 3 acres right on busy RT 29, with a separate A frame building and plenty of parking out front. Plumbed and wired for restaurant/bar use. Many recent updates to plumbing, electric, HVAC, kitchen area and baths. Exhaust fans and fire suppression system in place. ADA compliant. Large bar area and huge open room on the other side - both with kitchen area access. Basement for storage and easy access to mechanical systems. Outdoor dining deck. A Frame can be rented, become owner housing, or possibly retail, bait shop, or packaged goods. Bring your vision and revive this once vibrant historic location! Close to the Illinois River, Campgrounds, Senachwine Lake and the Lake Thunderbird community. This can be a GEM again. "Dine on 29"
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| Oct 27, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017