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1950 North Illinois Avenue 1950 N Illinois Ave 9 Unit Apartment Building $380,432 CAD ($42,270 CAD/Unit) 16.75% Cap Rate Carbondale, IL 62901
EXECUTIVE SUMMARY
AWESOME INVESTMENT!!!
9 units. Low maintenance. Electric baseboards and wall a/c units. Tenants pay electric and gas. City water and sewer. Good occupancy. Property will generate a 15%+ NET RETURN ON INVESTMENT!!! $85K+ IN VALUE ADD!!! Located in a great part of town.
Property management and financing is available!!!
9 units. Low maintenance. Electric baseboards and wall a/c units. Tenants pay electric and gas. City water and sewer. Good occupancy. Property will generate a 15%+ NET RETURN ON INVESTMENT!!! $85K+ IN VALUE ADD!!! Located in a great part of town.
Property management and financing is available!!!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$92,964
|
$18.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,964
|
$18.57
|
| Taxes |
$3,154
|
$0.63
|
| Operating Expenses |
$26,091
|
$5.21
|
| Total Expenses |
$29,245
|
$5.84
|
| Net Operating Income |
$63,719
|
$12.73
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $92,964 |
| Annual Per SF | $18.57 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,964 |
| Annual Per SF | $18.57 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,154 |
| Annual Per SF | $0.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,091 |
| Annual Per SF | $5.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,245 |
| Annual Per SF | $5.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,719 |
| Annual Per SF | $12.73 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $830.03 CAD | - |
| 2+1 | 2 | $968.37 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 15-09-326-022 | Total Assessment | $122,684 CAD |
| Land Assessment | $19,171 CAD | Annual Taxes | $3,154 CAD ($0.63 CAD/SF) |
| Improvements Assessment | $103,513 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-09-326-022
Land Assessment
$19,171 CAD
Improvements Assessment
$103,513 CAD
Total Assessment
$122,684 CAD
Annual Taxes
$3,154 CAD ($0.63 CAD/SF)
Tax Year
2024
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1950 North Illinois Avenue | 1950 N Illinois Ave
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