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1950 North Illinois Avenue 1950 N Illinois Ave 9 Unit Apartment Building $373,725 CAD ($41,525 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 |
$91,325
|
$18.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$91,325
|
$18.24
|
| Taxes |
$3,099
|
$0.62
|
| Operating Expenses |
$25,631
|
$5.12
|
| Total Expenses |
$28,729
|
$5.74
|
| Net Operating Income |
$62,596
|
$12.50
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $91,325 |
| Annual Per SF | $18.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $91,325 |
| Annual Per SF | $18.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,099 |
| Annual Per SF | $0.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,631 |
| Annual Per SF | $5.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,729 |
| Annual Per SF | $5.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,596 |
| Annual Per SF | $12.50 |
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 | $815.40 CAD | - |
| 2+1 | 2 | $951.30 CAD | - |
1 1
Property Taxes
| Parcel Number | 15-09-326-022 | Total Assessment | $119,628 CAD |
| Land Assessment | $18,694 CAD | Annual Taxes | $3,099 CAD ($0.62 CAD/SF) |
| Improvements Assessment | $100,935 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
15-09-326-022
Land Assessment
$18,694 CAD
Improvements Assessment
$100,935 CAD
Total Assessment
$119,628 CAD
Annual Taxes
$3,099 CAD ($0.62 CAD/SF)
Tax Year
2024
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1950 North Illinois Avenue | 1950 N Illinois Ave
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