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501 Joliet St
La Salle, IL 61301
12 Unit Apartment Building · Multifamily Property For Sale
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12 Units
Investment Highlights
- 12 Unit Building. All two bedrooms. Projected NOI is $101,813 after last four units are renovated ($8k each). At 8% cap rate, value is $1,272,660
- Renovated units rent for $950 per month. One parking space per unit. Onsite laundry and storage.
- Well constructed 12 unit apartment building in a very tight rental market.
- Call Kennedy Carey at 815-830-3359 or John O'Malley at 312-804-1504 to view property. Flat commission offered of $10,000.
Property Facts
| No. Units | 12 | Building Size | 11,631 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | B-1 - Residential neighborhood, retail and schools nearby, next to downtown LaSalle. | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 11,631 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | B-1 - Residential neighborhood, retail and schools nearby, next to downtown LaSalle. |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $825.00 | 750 |
Property Taxes
| Parcel Number | 18-15-231008 | Improvements Assessment | $138,555 |
| Land Assessment | $19,945 | Total Assessment | $158,500 |
Property Taxes
Parcel Number
18-15-231008
Land Assessment
$19,945
Improvements Assessment
$138,555
Total Assessment
$158,500
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