301 N Main Ave - 301 N Main Ave, Minier
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301 N Main Ave - 301 N Main Ave, Minier
4 Unit Apartment Building Offered at $553,869 CAD at a 7.97% Cap Rate in Minier, IL 61759
Investment Highlights
- Nestled in the heart of central Illinois lies the charming town of Minier
- A classic and timeless exterior with its all brick construction, it also offers the convenience of a 4 car garage with workshop and a huge yard!
Executive Summary
Charming FULLY RENTED all brick building that houses 4 units, 3 two bedroom units and 1 one bedroom, each has laundry facilities. A classic and timeless exterior with its all brick construction, it also offers the convenience of a 4 car garage with workshop (use for storage or extra income!) and a huge yard. Plus plenty of off street parking for visitors. But what truly sets this property apart is its impeccable maintenance. From the moment you step inside the welcoming common area, you can see the care and attention that has been put into keeping this building in top shape. Add to your income portfolio by purchasing 4 more units at 301 N Minier Ave
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$64,417
|
$10.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$64,417
|
$10.89
|
| Taxes |
$7,291
|
$1.23
|
| Operating Expenses |
$13,003
|
$2.20
|
| Total Expenses |
$20,293
|
$3.43
|
| Net Operating Income |
$44,123
|
$7.46
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $64,417 |
| Annual Per SF | $10.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $64,417 |
| Annual Per SF | $10.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,291 |
| Annual Per SF | $1.23 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,003 |
| Annual Per SF | $2.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,293 |
| Annual Per SF | $3.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,123 |
| Annual Per SF | $7.46 |
Property Facts
| Price | $553,869 CAD | Apartment Style | Garden |
| Price Per Unit | $138,467 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 5,916 SF |
| Cap Rate | 7.97% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 0.68/1,000 SF |
| Price | $553,869 CAD |
| Price Per Unit | $138,467 CAD |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.33 AC |
| Building Size | 5,916 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.68/1,000 SF |
Site Amenities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,351 CAD | 981 |
| 1+1 | 1 | $1,166 CAD | 981 |
1 of 1
zoning
| Zoning Code | R1 (Mixed residential) |
| R1 (Mixed residential) |
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301 N Main Ave - 301 N Main Ave, Minier
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