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800 E Kahler Rd
Wilmington, IL 60481
Winchester Manor · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Building Size | 11,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1984/1999 |
| Building Class | C | Parking Ratio | 2.81/1,000 SF |
| Lot Size | 1.18 AC | ||
| Zoning | R5 - Residential Multi-Family | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 11,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/1999 |
| Parking Ratio | 2.81/1,000 SF |
| Zoning | R5 - Residential Multi-Family |
ABOUT 800 E KAHLER RD , WILMINGTON, IL 60481
Winchester Manor Senior consists of one, two-story building with 24 one bedroom/one bath units in Wilmington, Illinois. The property benefits from a Project-based Section 8 (HAP) Contract on 100% of the units. All units are reserved for seniors ages 55 and older. In 1999, the property was renovated under the LIHTC program. The property is being offered free and clear. INVESTMENT HIGHLIGHTS • Roof recently replaced with 30-year architectural shingle • Property has HAP contract on 100% of the units • Strong historical occupancy, currently 100% • Washers and dryers are owned by property and will transfer • Turn-key cash flow opportunity • Extremely low turnover PROPERTY AMENITIES • Fully equipped kitchens • Washers and dryers provided • Patio/Balcony • All electric utilities • Quiet residential site ideal for Seniors NEIGHBORHOOD HIGHLIGHTS Located along historic Route 66 and bisected by the Kankakee River, the City of Wilmington combines all the best aspects of rural and suburban living. With a population of 6,000, spread out over 9.36 square miles, Wilmington boasts numerous outdoor recreation areas, a fantastic school district, a vibrant and diverse business sector with a historic downtown filled with antique shops and excellent dining, and plenty of space to support the industrial growth that is flooding the area. Employment Centers and Amenties within Walking Distance include: • Forsythe Woods County Forest Preserve • Hitts Siding Prairie Nature Preserve • Wilmington Dam • Wilmington City Hall • DOW Chemical • Biomass Energy Systems, Inc. • International Transload Logistics
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $768.00 | 600 |
PROPERTY TAXES
| Parcel Number | 03-17-36-208-008 | Improvements Assessment | $173,066 |
| Land Assessment | $20,357 | Total Assessment | $193,423 |
PROPERTY TAXES
