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535 Coyne St 4 Unit Apartment Building $475,000 ($118,750/Unit) 6.81% Cap Rate Bourbonnais, IL 60914
Investment Highlights
- Strategic Location: Conveniently located near I-57, providing efficient access to Chicago, Champaign-Urbana, and regional Midwest markets.
- Growing Market Presence: Located in a market that continues to attract investment due to its cost-effective operating environment.
- Strong Regional Accessibility: Excellent connectivity via local arterials and state highways supports employee, customer, and freight movement.
- Access to Workforce Base: Benefits from proximity to the Kankakee-Bourbonnais labor market and nearby residential communities.
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 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 | Townhome |
| Price Per Unit | $118,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 6.81% | Building Size | 4,250 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Zoning | SFR - Apartment Use | ||
| Price | $475,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,250 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | SFR - Apartment Use |
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
Property Taxes
| Parcel Number | 17-09-19-416-022 | Improvements Assessment | $96,515 |
| Land Assessment | $18,320 | Total Assessment | $114,835 |
Property Taxes
Parcel Number
17-09-19-416-022
Land Assessment
$18,320
Improvements Assessment
$96,515
Total Assessment
$114,835
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