2640 N Delany Rd. #101

Great investment opportunity! Rentable condo with Gurnee Schools. Compelling price on this 2 bedroom 1.5 bath 2nd floor condo. Carpet is in great shape and paint and decor is light and neutral. Hall bathroom and master bedroom powder room have been updated. Dogs are allowed for owner occupants. Dogs are not allowed for tenants. Coin operated laundry machines on each floor. Small storage cage on third floor. Parking spaces in lot are not assigned. CASH ONLY. Complex not eligible for standard conventional loan. (The adjacent apartment complex owns more than 33% of the units (9 out of 27) which exceeds lender guidelines. Therefore purchase needs to be CASH ONLY. This condo is an affordable home to live in or can be an exceptional turn-key investment. (2023 Taxes of $1464 dollars reflect homeowner and senior exemptions. Those exemptions would also be reflected in the 2024 taxes, Based on the 2024 valuation, the 2024 taxes (payable in 2025) are estimated at approximately $2277. If an investor buys, then the exemptions would not be applicable for the 2025 taxes (payable in 2026). Assuming tax rates stay the same and based on the 2024 valuation, the taxes would be approximately $4220 without any exemptions for an investor owner. This condo is in great condition and a buyer or tenant would be able to move right in! See it today!