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701-719 Cantonment Ave
Rantoul, IL 61866
 Recently Renovated Asset | Value-Add Upside · Multifamily Property For Sale · 64 Units

Apartment Buildings Illinois Rantoul 701-719 Cantonment Ave, Rantoul, IL 61866

INVESTMENT HIGHLIGHTS

  • Patriot Square Apartments is a 64-unit apartment community comprising 16 duplexes and 48 townhomes across 11.62 acres in Rantoul, Illinois.
  • Excellent value-add investment opportunity to acquire a mostly occupied asset with significant upside through vacancy lease-up of remaining units.
  • Just off W Liberty Avenue, less than one mile from US Route 136 and six minutes from the Interstate 57 and US Route 136 interchange.
  • Within a three-mile radius of household named conveniences like Walmart Supercenter, McDonald’s, Starbucks, Taco Bell, Dollar General, and more.

PROPERTY FACTS

No. Units 64 Building Size 64,320 SF
Property Type Multifamily Average Occupancy 81%
Property Subtype Apartment No. Stories 2
Apartment Style Garden Year Built 1974
Building Class C Parking Ratio 1.82/1,000 SF
Lot Size 11.62 AC
Zoning Residential (NEC)
No. Units 64
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 11.62 AC
Building Size 64,320 SF
Average Occupancy 81%
No. Stories 2
Year Built 1974
Parking Ratio 1.82/1,000 SF
Zoning Residential (NEC)

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-09-03-476-013
  • 20-09-03-476-008
  • 20-09-03-476-009
  • 20-09-03-476-010
  • 20-09-03-476-011
  • 20-09-03-476-004
  • 20-09-03-476-005
  • 20-09-03-476-016
  • 20-09-03-476-017
  • 20-09-03-476-018
  • 20-09-03-476-015
 Improvements Assessment $578,200
Land Assessment $202,500 Total Assessment $780,700

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-09-03-476-013
  • 20-09-03-476-008
  • 20-09-03-476-009
  • 20-09-03-476-010
  • 20-09-03-476-011
  • 20-09-03-476-004
  • 20-09-03-476-005
  • 20-09-03-476-016
  • 20-09-03-476-017
  • 20-09-03-476-018
  • 20-09-03-476-015
Land Assessment
$202,500
Improvements Assessment
$578,200
Total Assessment
$780,700
 

  • Listing ID: 29832437

  • Date on Market: 10/19/2023

  • Last Updated:

  • Address: 701-719 Cantonment Ave, Rantoul, IL 61866

More public record information on 701-719 Cantonment Ave, Rantoul, IL 61866

The Multifamily Property at 701-719 Cantonment Ave, Rantoul, IL 61866 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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