535 Coyne St - Apartments FOR SALE


Bourbonnais, IL 60914
$475,000 USD
312-361-1647
535 Coyne St, Bourbonnais, IL for Sale
$475,000 USD
Apartments - FOR SALE
1/11
null | 6.81% Cap Rate

535 Coyne St
Bourbonnais, IL 60914


HIGHLIGHTS

  • Strategic Location: Conveniently located near I-57, providing efficient access to Chicago, Champaign-Urbana, and regional Midwest markets.
  • Strong Regional Accessibility: Excellent connectivity via local arterials and state highways supports employee, customer, and freight movement.
  • Growing Market Presence: Located in a market that continues to attract investment due to its cost-effective operating environment.
  • Access to Workforce Base: Benefits from proximity to the Kankakee-Bourbonnais labor market and nearby residential communities.

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 535 Coyne Street in Bourbonnais, IL (the “Property”). The multi-story building contains two (2) 2-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1.5-Bathroom units with 4,250 square feet of gross area. The Property is situated upon a 0.30-acre parcel and features eight (8) off-street parking spaces. 535 Coyne Street is well-positioned in Bourbonnais, offering strong access to the village's central commercial corridors, neighborhood retail destinations, and surrounding residential neighborhoods. The property benefits from convenient connectivity to major regional routes including Route 50 (North State Route 50) and US Route 45/52, and close proximity to Interstate 57, providing efficient regional access throughout the Kankakee-Bourbonnais-Bradley metropolitan area and north toward Chicago.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

4

PRICE/UNIT

$118,750

CAP RATE

6.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

SFR

APN/PARCEL ID

17-09-19-416-022

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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