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528 Curry Ave - ILLINOIS SOLAR DUPLEX 1,728 SF Specialty Building Offered at $269,000 at a 9.81% Cap Rate in Illiopolis, IL 62539
INVESTMENT HIGHLIGHTS
- EXTREMELY ENERGY EFFICIENT--SMALL TOWN LOCATION --EASY ACCESS TO 3 MAJOR CITIES--VILLAGE APPROVED TIF 75%TAX REIMBURSEMENT UP TO $70,000 OVER 10 YEARS
EXECUTIVE SUMMARY
NEW CONSTRUCTION--Very energy efficient--high end Heat Pump Mini Split HVAC system--extra insulation, unique insulated block crawl space--convenient location between Springfield IL (IL State Capital), Decatur, IL (ADM/Catepillar) and Bolingbrook (State Farm/Rivian)--INVESTMENT TAX CREDIT FOR NEW HEAT PUMPS--UP TO $2,000
PRICE INCLUDE NEW SOLAR ROOF INSTALLATION--AND INCLUDES OVER $50,000 OF IMMEDIATE TAX CREDITS, STATE REBATES AND BONUS DEPRECIATION (FOR 35% BRACKET) (MORE INFO AVAILABLE FOR THE SOLAR INSTALLATION)
CALL OR EMAIL FOR MORE INFORMATION--WE ARE BUILDING SEVERAL OF THESE IN CENTRAL IL
$100,000 DOWN--SHORT TERM SELLER FINANCING OF $169,000 AT 7%
PRICE INCLUDE NEW SOLAR ROOF INSTALLATION--AND INCLUDES OVER $50,000 OF IMMEDIATE TAX CREDITS, STATE REBATES AND BONUS DEPRECIATION (FOR 35% BRACKET) (MORE INFO AVAILABLE FOR THE SOLAR INSTALLATION)
CALL OR EMAIL FOR MORE INFORMATION--WE ARE BUILDING SEVERAL OF THESE IN CENTRAL IL
$100,000 DOWN--SHORT TERM SELLER FINANCING OF $169,000 AT 7%
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$26,400
|
$15.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,400
|
$15.28
|
| Taxes |
$1,000
|
$0.58
|
| Operating Expenses |
$2,000
|
$1.16
|
| Total Expenses |
$3,000
|
$1.74
|
| Net Operating Income |
$23,400
|
$13.54
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $26,400 |
| Annual Per SF | $15.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $26,400 |
| Annual Per SF | $15.28 |
| Taxes | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $1.16 |
| Total Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.74 |
| Net Operating Income | |
|---|---|
| Annual | $23,400 |
| Annual Per SF | $13.54 |
PROPERTY FACTS
| Price | $269,000 | Lot Size | 0.20 AC |
| Price Per SF | $155.67 | Building Size | 1,728 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.81% | Year Built | 2023 |
| Property Type | Specialty | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Residential Income | ||
| Zoning | Residential - Multi Family | ||
| Price | $269,000 |
| Price Per SF | $155.67 |
| Sale Type | Investment |
| Cap Rate | 9.81% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.20 AC |
| Building Size | 1,728 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | Residential - Multi Family |
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Curry Drive Partners
528 Curry Ave - ILLINOIS SOLAR DUPLEX
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