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Paw Paw Manor 241 Maple St 12 Unit Apartment Building $350,000 ($29,167/Unit) Paw Paw, IL 61353
Executive Summary
1 - 4 unit building and 1 - 8 building unit. 4- 1 bedroom units and 8 - 2 bedroom units. Separate electric heat in each unit. Landlord pays water and sewer.
Property currently in USDA Rural Development 515 Low Income Housing Program. Buyer must assume current USDA Rural Development loan that is scheduled to be paid in full September 2042. Current loan balance approximately $164,000.00. The Rural Development 515 Low Income Housing Program restricts the total income for tenants and the total rent that can be charged to tenants.
Property currently in USDA Rural Development 515 Low Income Housing Program. Buyer must assume current USDA Rural Development loan that is scheduled to be paid in full September 2042. Current loan balance approximately $164,000.00. The Rural Development 515 Low Income Housing Program restricts the total income for tenants and the total rent that can be charged to tenants.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Deck
- Dining Room
- Handrails
- Lawn
- Smoke Free
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tanning Salon
- Wheelchair Accessible
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,032 | 600 |
| 2+1 | 8 | $1,062 | 720 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 22-18-10-453-017 | Total Assessment | $64,989 |
| Land Assessment | $9,975 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $55,014 | Tax Year | 2024 |
Property Taxes
Parcel Number
22-18-10-453-017
Land Assessment
$9,975
Improvements Assessment
$55,014
Total Assessment
$64,989
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Paw Paw Manor | 241 Maple St
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