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1950 North Illinois Avenue 1950 N Illinois Ave 9 Unit Apartment Building $374,085 CAD ($41,565 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 |
$91,413
|
$18.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$91,413
|
$18.26
|
| Taxes |
$3,102
|
$0.62
|
| Operating Expenses |
$25,655
|
$5.12
|
| Total Expenses |
$28,757
|
$5.74
|
| Net Operating Income |
$62,656
|
$12.51
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $91,413 |
| Annual Per SF | $18.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $91,413 |
| Annual Per SF | $18.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,102 |
| Annual Per SF | $0.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,655 |
| Annual Per SF | $5.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,757 |
| Annual Per SF | $5.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,656 |
| Annual Per SF | $12.51 |
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 | $816.19 CAD | - |
| 2+1 | 2 | $952.22 CAD | - |
1 1
Property Taxes
| Parcel Number | 15-09-326-022 | Total Assessment | $118,887 CAD |
| Land Assessment | $18,578 CAD | Annual Taxes | $3,102 CAD ($0.62 CAD/SF) |
| Improvements Assessment | $100,309 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
15-09-326-022
Land Assessment
$18,578 CAD
Improvements Assessment
$100,309 CAD
Total Assessment
$118,887 CAD
Annual Taxes
$3,102 CAD ($0.62 CAD/SF)
Tax Year
2024
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1950 North Illinois Avenue | 1950 N Illinois Ave
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