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209 South Central Avenue 209 S Central Ave 5 Unit Apartment Building $139,999 ($28,000/Unit) 19.69% Cap Rate Casey, IL 62420

Apartment Buildings Illinois Casey 209 S Central Ave, Casey, IL 62420

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Executive Summary

SOLID BRICK RENTAL!!!
5 large apartments. Great condition. Units will rent at $600 each. Separate electric, water and gas meters. Low maintenance. Easy to manage. BUILDING WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!! Located in Casey, IL, home of the world's largest things in a small town!
Property management and financing is available.

Attachments

Property Flyer 209 South Central Avenue, Casey, IL

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $36,000 $9.12
Other Income - -
Vacancy Loss - -
Effective Gross Income $36,000 $9.12
Taxes $3,492 $0.88
Operating Expenses $4,940 $1.25
Total Expenses $8,432 $2.14
Net Operating Income $27,568 $6.98

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $36,000
Annual Per SF $9.12
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $36,000
Annual Per SF $9.12
Taxes
Annual $3,492
Annual Per SF $0.88
Operating Expenses
Annual $4,940
Annual Per SF $1.25
Total Expenses
Annual $8,432
Annual Per SF $2.14
Net Operating Income
Annual $27,568
Annual Per SF $6.98

Property Facts

Price $139,999 Building Class C
Price Per Unit $28,000 Building Size 3,948 SF
Sale Type Investment Average Occupancy 100%
Cap Rate 19.69% No. Stories 1
No. Units 5 Year Built 1900
Property Type Multifamily Parking Ratio 1.27/1,000 SF
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Price $139,999
Price Per Unit $28,000
Sale Type Investment
Cap Rate 19.69%
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Building Class C
Building Size 3,948 SF
Average Occupancy 100%
No. Stories 1
Year Built 1900
Parking Ratio 1.27/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 $600.00 -

Links

1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Source: Local Logic®
(754) 251-0201

Still interested?

Contact the broker for more information about this property

Contact

  • Eli Ahmadov
    Eli Ahmadov

  • Listing ID: 41405513

  • Date on Market: 7/23/2026

  • Last Updated:

  • Address: 209 S Central Ave, Casey, IL 62420

The Multifamily Property at 209 S Central Ave, Casey, IL 62420 is currently available for Sale. Contact LOYD Realty for more information.

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209 South Central Avenue | 209 S Central Ave

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