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$ 599,000
Est. payment | /mo
0.52 Acres Lot
$ 599,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12465785
Year Built 1970
Annual Tax Amount $8,100
Tax Year 2024
Lot Size 0.520 Acres
Lot Dimensions 150 x 150 x 150 x 150
Property Sub-Type Multi Family 5+
Property Description
This meticulously maintained, all-brick 8-unit apartment building offers a compelling investment opportunity in a high-demand rental market. Each spacious two-bedroom unit is designed for tenant comfort and boasts generous living areas, ensuring consistent desirability. The property features a coin-operated laundry facility, providing an additional revenue stream. Currently, the building enjoys full occupancy with no vacancies, reflecting its strong appeal and effective management. The property is in excellent condition, with ongoing maintenance ensuring long-term durability and minimal upkeep costs. A significant value-add opportunity exists for a new investor, as current rents are below market rates. By strategically adjusting rents to align with local market trends, a buyer can increase cash flow and maximize return on investment. This turnkey property is ideal for investors seeking a stable, income-producing asset with immediate upside potential. Property sits on a double lot that could be used to build a similar building upon village approval. Contact us today to schedule a viewing and explore the financials of this exceptional investment opportunity.
Location
State IL
County Ford
Area Piper City
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeremy Slowinski of Ellsbury Group LLC
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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