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913 Joliet Dr 6 Unit Apartment Building $288,000 ($48,000/Unit) 10.32% Cap Rate Cahokia, IL 62206
INVESTMENT HIGHLIGHTS
- Located across the street from local high school.
- Professionally managed building.
- All of the units have (2) bedrooms.
- Located behind area post office.
- Asking rent for 2025 new Tenants = $975 per month.
EXECUTIVE SUMMARY
Fully occupied 2-story, 6-unit apartment building. Located behind the Cahokia Post Office and across the street from Cahokia High School. All 2 Bedroom, 1 Bathroom units. Unit rented in 2025 are renting at a rate of $975 per month.
SELLER OR CREATIVE FINANCING IS NOT AN OPTION.
SELLER OR CREATIVE FINANCING IS NOT AN OPTION.
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 | $288,000 | Building Class | C |
| Price Per Unit | $48,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,500 SF |
| Cap Rate | 10.32% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-family - Residential multi-family. | ||
| Price | $288,000 |
| Price Per Unit | $48,000 |
| Sale Type | Investment |
| Cap Rate | 10.32% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | Multi-family - Residential multi-family. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $975.00 | 700 |
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PROPERTY TAXES
| Parcel Number | 06-02.0-212-009 | Total Assessment | $25,611 (2024) |
| Land Assessment | $3,744 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $21,867 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
06-02.0-212-009
Land Assessment
$3,744 (2024)
Improvements Assessment
$21,867 (2024)
Total Assessment
$25,611 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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913 Joliet Dr
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