902 N Charles St | Macomb, IL 61455
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- LoopNet Team
902 N Charles St
Macomb, IL 61455
Lexington Concord Apartments · Multifamily Property For Sale
·
356 Units
INVESTMENT HIGHLIGHTS
- OPPORTUNITY TO PURCHASE AT A FRACTION OF REPLACEMENT COST ($27,949/UNIT)
- SIGNIFICANT UPSIDE THROUGH HANDS ON MANAGEMENT, INCREASED OCCUPANCY AND CONTINUED UPGRADES
- LOCATED ON THE DOORSTEP OF WESTERN ILLINOIS UNIVERSITY (7,000+ ENROLLMENT)
- OWNED AND SELF-MANAGED BY OUT-OF-STATE “MOM AND POP”
- $3.5M+ OF MAJOR CAPITAL IMPROVEMENTS SINCE 2021
PROPERTY FACTS
| No. Units | 356 | Building Size | 267,997 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.63/1,000 SF |
| Lot Size | 9.78 AC | ||
| Zoning | R4 | ||
| No. Units | 356 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.78 AC |
| Building Size | 267,997 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 2.63/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- High Speed Internet Access
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 42 | - | 450 - 480 |
| 1+1 | 67 | - | 600 |
| 2+1.5 | 109 | - | 900 - 1,020 |
| 2+2 | 111 | - | 950 |
| 3+2 | 27 | - | 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $672,424 | |
| Land Assessment | $248,154 | Total Assessment | $920,578 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$248,154
Improvements Assessment
$672,424
Total Assessment
$920,578
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