Share This Listing

Message

946 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

CASH COW!!!
Beautiful 12 unit complex. 3 buildings. Each building has 4 x 2bed/1bath units. Property is in good shape. Separate electric meters and water. Low maintenance, baseboard heating, window a/c. Units rent for $600 each. WILL GENERATE A 17.38%+ NET RETURN ON INVESTMENT!!! $75K IN VALUE ADD!!!! Each building has a laundry room for more income. Do not miss out on this amazing opportunity!!!
Financing is available!

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $120,096 $14.30
Other Income - -
Vacancy Loss - -
Effective Gross Income $120,096 $14.30
Taxes $6,072 $0.72
Operating Expenses $15,145 $1.80
Total Expenses $21,217 $2.53
Net Operating Income $98,879 $11.77

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $120,096
Annual Per SF $14.30
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $120,096
Annual Per SF $14.30
Taxes (CAD)
Annual $6,072
Annual Per SF $0.72
Operating Expenses (CAD)
Annual $15,145
Annual Per SF $1.80
Total Expenses (CAD)
Annual $21,217
Annual Per SF $2.53
Net Operating Income (CAD)
Annual $98,879
Annual Per SF $11.77

Property Facts

Price $555,861 CAD
Price Per Unit $46,322 CAD
Sale Type Investment
Cap Rate 17.38%
No. Units 12
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.90 AC
Building Size 10,296 SF
Average Occupancy 100%
No. Stories 2
Year Built 1996
Parking Ratio 1.17/1,000 SF
Zoning MULTIFAMILY - MULTIFAMILY

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating
  • Security System
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Pantry

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 $834.00 CAD 700
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
06-21-000-121
Land Assessment
$2,783 CAD (2024)
Improvements Assessment
$61,068 CAD (2024)
Total Assessment
$63,851 CAD (2024)
Annual Taxes
$6,072 CAD ($0.59 CAD/SF)
Tax Year
2026
  • Listing ID: 39960006

  • Date on Market: 2026-03-30

  • Last Updated:

  • Address: 219 S F St, La Harpe, IL 61450

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}