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218 E River St 12 Unit Apartment Building $1,361,022 CAD ($113,419 CAD/Unit) 6.81% Cap Rate Rockton, IL 61072
INVESTMENT HIGHLIGHTS
- Significant Rental Upside
- Across the Street from Rock River
- Recent Capital Improvements
- Quiet Low Density Setting
- Ample Parking
EXECUTIVE SUMMARY
218 E. River Street, Rockton, IL is situated in a quiet low-density neighborhood, across the street from the Rock River. The subject property was constructed in 1951 and
sits on 0.57 acres. The unit mix consists of consisting two two-bedroom units and 10 one-bedroom units. The property has received recent improvements including 6-7 unit renovations, new hot water heaters, half of the units have received new electric panels, and the building exterior was recently repainted.
This is an opportunity for an investor to purchase a well-located asset and capture significant cash flow by capturing market rents either as-is or through renovations. Please contact listing agent if you would like the full OM or if you would like to set up a property tour.
sits on 0.57 acres. The unit mix consists of consisting two two-bedroom units and 10 one-bedroom units. The property has received recent improvements including 6-7 unit renovations, new hot water heaters, half of the units have received new electric panels, and the building exterior was recently repainted.
This is an opportunity for an investor to purchase a well-located asset and capture significant cash flow by capturing market rents either as-is or through renovations. Please contact listing agent if you would like the full OM or if you would like to set up a property tour.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,361,022 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $113,419 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| Cap Rate | 6.81% | Building Size | 6,300 SF |
| Gross Rent Multiplier | 8.35 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2025 |
| Property Subtype | Apartment | Parking Ratio | 3.81/1,000 SF |
| Price | $1,361,022 CAD |
| Price Per Unit | $113,419 CAD |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| Gross Rent Multiplier | 8.35 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2025 |
| Parking Ratio | 3.81/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Satellite TV
- Oven
- Range
- Tub/Shower
- Views
- Carpet
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $1,064 CAD | 450 - 500 |
| 2+1 | 2 | $1,780 CAD | 650 |
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 03-24-401-004 | Total Assessment | $169,725 CAD |
| Land Assessment | $30,174 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $139,552 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03-24-401-004
Land Assessment
$30,174 CAD
Improvements Assessment
$139,552 CAD
Total Assessment
$169,725 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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218 E River St
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