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535 Coyne St 4 Unit Apartment Building Offered at $475,000 at a 6.81% Cap Rate Bourbonnais, IL 60914
Investment Highlights
- 4-Unit Multi-Family Property
- Off-Street Parking
- Strong Rental Demographics & Demand
- Located in Bourbonnais
- Brick Construction
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 535 Coyne Street in Bourbonnais, IL (the “Property”). The multi-story building contains two (2) 2-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1.5-Bathroom units with 3,700 square feet of gross living area in 4,250 square feet of gross area. The Property is situated upon a 0.30-acre parcel and features eight (8) off-street parking spaces.
535 Coyne Street is well-positioned in Bourbonnais, offering strong access to the village's central commercial corridors, neighborhood retail destinations, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Route 50 (North State Route 50) and US Route 45/52, and close proximity to Interstate 57, providing efficient regional access throughout the Kankakee-Bourbonnais-Bradley metropolitan area and north toward Chicago.
535 Coyne Street is well-positioned in Bourbonnais, offering strong access to the village's central commercial corridors, neighborhood retail destinations, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Route 50 (North State Route 50) and US Route 45/52, and close proximity to Interstate 57, providing efficient regional access throughout the Kankakee-Bourbonnais-Bradley metropolitan area and north toward Chicago.
Property Facts
| Price | $475,000 | Apartment Style | Garden |
| Price Per Unit | $118,750 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,250 SF |
| Cap Rate | 6.81% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 1.88/1,000 SF |
| Price | $475,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.30 AC |
| Building Size | 4,250 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.88/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1.5 | 2 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
70/100
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