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1217 Market St - Cash Cow Triplex 3 Unit Apartment Building Offered at $164,560 CAD at a 20.83% Cap Rate Madison, IL 62060
Executive Summary
INSANE OPPORTUNITY!!!
3 units. 2 x 2bed/1bath units and 1 x studio apartment. Front units are freshly rehabbed and rent ready. Back studio needs TLC. New central HVAC systems installed last year. PROPERTY WILL GENERATE A 22%+ NET RETURN ON INVESTMENT!! $30k IN INSTANT EQUITY!!! Front units rent easily for $1000 each, and back unit rents easily for $700.
Property management and financing is available!!
3 units. 2 x 2bed/1bath units and 1 x studio apartment. Front units are freshly rehabbed and rent ready. Back studio needs TLC. New central HVAC systems installed last year. PROPERTY WILL GENERATE A 22%+ NET RETURN ON INVESTMENT!! $30k IN INSTANT EQUITY!!! Front units rent easily for $1000 each, and back unit rents easily for $700.
Property management and financing is available!!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$44,468
|
$23.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$44,468
|
$23.53
|
| Taxes |
$2,588
|
$1.37
|
| Operating Expenses |
$4,752
|
$2.51
|
| Total Expenses |
$7,340
|
$3.88
|
| Net Operating Income |
$37,128
|
$19.64
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $44,468 |
| Annual Per SF | $23.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $44,468 |
| Annual Per SF | $23.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,588 |
| Annual Per SF | $1.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,752 |
| Annual Per SF | $2.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,340 |
| Annual Per SF | $3.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $37,128 |
| Annual Per SF | $19.64 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $960.74 CAD | - |
| 2+1 | 2 | $1,372 CAD | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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1217 Market St - Cash Cow Triplex
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