Log In/Sign Up
Your email has been sent.
Decatur Flats 552 S Church St 109 Unit Apartment Building $6,640,000 ($60,917/Unit) 7.01% Cap Rate Decatur, IL 62522
INVESTMENT HIGHLIGHTS
- In-Place 7% Cap Rate
- All Brick Construction
- Strong Market Appreciation: Home Values +12% Y-o-Y(2024)
- Affordable Basis: Offered $60k/unit
- Attractive Unit Mix: 20% 1 Bed, 60% 2 Bed, 20% 3 Bed
- Illinois Broker of Record: Steven Weinstock One Mid America Plaza,Ste. 200 Oakbrook Terrace, IL 60181 P:(630) 570-2200Steven.Weinstock@MarcusMillichap
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 (PRO FORMA - 2025) 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
| Price | $6,640,000 | Building Class | C |
| Price Per Unit | $60,917 | Lot Size | 4.30 AC |
| Sale Type | Investment | Building Size | 92,750 SF |
| Cap Rate | 7.01% | Average Occupancy | 96% |
| No. Units | 109 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | M1-1 | ||
| Price | $6,640,000 |
| Price Per Unit | $60,917 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 109 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.30 AC |
| Building Size | 92,750 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.51/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M1-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 702 |
| 2+1 | 69 | - | 870 |
| 3+1 | 2 | - | 1,250 |
| 3+1.5 | 11 | - | 1,250 |
| 3+2 | 5 | - | 1,300 |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 04-12-15-430-001 | Total Assessment | $1,750,000 (2024) |
| Land Assessment | $258,339 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,491,661 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04-12-15-430-001
Land Assessment
$258,339 (2024)
Improvements Assessment
$1,491,661 (2024)
Total Assessment
$1,750,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Decatur Flats | 552 S Church St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.