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Executive Summary

CASH COW!!!
Beautiful 12 unit complex. 3 buildings. Each building has 4 x 2bed/1bath units. Property is in good shape. Separate electric meters and water. Low maintenance, baseboard heating, window a/c. Units rent for $600 each. WILL GENERATE A 17.38%+ NET RETURN ON INVESTMENT!!! $75K IN VALUE ADD!!!! Each building has a laundry room for more income. Do not miss out on this amazing opportunity!!!
Financing is available!

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $86,400 $10.29
Other Income - -
Vacancy Loss - -
Effective Gross Income $86,400 $10.29
Taxes $4,368 $0.52
Operating Expenses $10,896 $1.30
Total Expenses $15,264 $1.82
Net Operating Income $71,136 $8.47

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $86,400
Annual Per SF $10.29
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $86,400
Annual Per SF $10.29
Taxes
Annual $4,368
Annual Per SF $0.52
Operating Expenses
Annual $10,896
Annual Per SF $1.30
Total Expenses
Annual $15,264
Annual Per SF $1.82
Net Operating Income
Annual $71,136
Annual Per SF $8.47

Property Facts

Price $399,900
Price Per Unit $33,325
Sale Type Investment
Cap Rate 17.38%
No. Units 12
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.90 AC
Building Size 10,296 SF
Average Occupancy 100%
No. Stories 2
Year Built 1996
Parking Ratio 1.17/1,000 SF
Zoning MULTIFAMILY - MULTIFAMILY

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating
  • Security System
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Pantry

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $600.00 700
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
06-21-000-121
Land Assessment
$2,002 (2024)
Improvements Assessment
$43,934 (2024)
Total Assessment
$45,936 (2024)
Annual Taxes
$4,368 ($0.42/SF)
Tax Year
2026
  • Listing ID: 39960006

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 219 S F St, La Harpe, IL 61450

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