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1950 North Illinois Avenue 1950 N Illinois Ave 9 Unit Apartment Building $379,087 CAD ($42,121 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 |
$92,635
|
$18.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,635
|
$18.50
|
| Taxes |
$3,143
|
$0.63
|
| Operating Expenses |
$25,999
|
$5.19
|
| Total Expenses |
$29,141
|
$5.82
|
| Net Operating Income |
$63,494
|
$12.68
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $92,635 |
| Annual Per SF | $18.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,635 |
| Annual Per SF | $18.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,143 |
| Annual Per SF | $0.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,999 |
| Annual Per SF | $5.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,141 |
| Annual Per SF | $5.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,494 |
| Annual Per SF | $12.68 |
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 | $827.10 CAD | - |
| 2+1 | 2 | $964.95 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 15-09-326-022 | Total Assessment | $121,352 CAD |
| Land Assessment | $18,963 CAD | Annual Taxes | $3,143 CAD ($0.63 CAD/SF) |
| Improvements Assessment | $102,389 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-09-326-022
Land Assessment
$18,963 CAD
Improvements Assessment
$102,389 CAD
Total Assessment
$121,352 CAD
Annual Taxes
$3,143 CAD ($0.63 CAD/SF)
Tax Year
2024
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1950 North Illinois Avenue | 1950 N Illinois Ave
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