522 N Main St - Apartments FOR SALE


Hanna City, IL 61536
$770,000 USD
309-323-0399
522 N Main St, Hanna City, IL for Sale
$770,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

522 N Main St
Hanna City, IL 61536


HIGHLIGHTS

  • Recently Renovated and Updated Units
  • Located in the Village TIF District and Business Development District (BDD)

OVERVIEW

This 12 unit apartment building is located in Hanna City, about 10 miles west of Peoria near the Peoria International Airport, has had the units completely renovated or updated and is ready for a new owner to maximize the investment, rents and returns. Odd number units are 1 Bedroom/1 Bathroom, and even numbered units are 2 Bedroom/1 Bathroom. Recent updates other than renovating units include - boiler hot water lines and parts - 2024/2025, new main water line installed from street to building 2023, new sewer clean out 2023, new water heater - 2024. Currently there is one vacant unit (#2), and once rented total monthly rents will be at least $8545. Building is in the Village TIF District and Business Development District (BDD) that provide incentives for improvements (see Village of Hanna City website for details).

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

12

PRICE/UNIT

$64,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanna City - Main Apartments Hanna City Main

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,282 SF

ZONING

R-2

APN/PARCEL ID

16-11-101-003

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.