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1950 North Illinois Avenue 1950 N Illinois Ave 9 Unit Apartment Building $275,000 ($30,556/Unit) 16.75% Cap Rate Carbondale, IL 62901
EXECUTIVE SUMMARY
AWESOME INVESTMENT!!!
9 units. Low maintenance. Electric baseboards and wall a/c units. Tenants pay electric and gas. City water and sewer. Good occupancy. Property will generate a 15%+ NET RETURN ON INVESTMENT!!! $85K+ IN VALUE ADD!!! Located in a great part of town.
Property management and financing is available!!!
9 units. Low maintenance. Electric baseboards and wall a/c units. Tenants pay electric and gas. City water and sewer. Good occupancy. Property will generate a 15%+ NET RETURN ON INVESTMENT!!! $85K+ IN VALUE ADD!!! Located in a great part of town.
Property management and financing is available!!!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,200
|
$13.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,200
|
$13.42
|
| Taxes |
$2,280
|
$0.46
|
| Operating Expenses |
$18,860
|
$3.77
|
| Total Expenses |
$21,140
|
$4.22
|
| Net Operating Income |
$46,060
|
$9.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $13.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,200 |
| Annual Per SF | $13.42 |
| Taxes | |
|---|---|
| Annual | $2,280 |
| Annual Per SF | $0.46 |
| Operating Expenses | |
|---|---|
| Annual | $18,860 |
| Annual Per SF | $3.77 |
| Total Expenses | |
|---|---|
| Annual | $21,140 |
| Annual Per SF | $4.22 |
| Net Operating Income | |
|---|---|
| Annual | $46,060 |
| Annual Per SF | $9.20 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $600.00 | - |
| 2+1 | 2 | $700.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 15-09-326-022 | Total Assessment | $87,397 |
| Land Assessment | $13,657 | Annual Taxes | $2,280 ($0.46/SF) |
| Improvements Assessment | $73,740 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-09-326-022
Land Assessment
$13,657
Improvements Assessment
$73,740
Total Assessment
$87,397
Annual Taxes
$2,280 ($0.46/SF)
Tax Year
2024
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1950 North Illinois Avenue | 1950 N Illinois Ave
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