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241 Maple St - Paw Paw Manor 12 Unit Apartment Building Offered at $472,126 CAD Paw Paw, IL 61353
Executive Summary
1 - 4 unit building and 1 - 8 building unit. 4- 1 bedroom units and 8 - 2 bedroom units. Separate electric heat in each unit. Landlord pays water and sewer.
Property currently in USDA Rural Development 515 Low Income Housing Program. Buyer must assume current USDA Rural Development loan that is scheduled to be paid in full September 2042. Current loan balance approximately $164,000.00. The Rural Development 515 Low Income Housing Program restricts the total income for tenants and the total rent that can be charged to tenants.
Property currently in USDA Rural Development 515 Low Income Housing Program. Buyer must assume current USDA Rural Development loan that is scheduled to be paid in full September 2042. Current loan balance approximately $164,000.00. The Rural Development 515 Low Income Housing Program restricts the total income for tenants and the total rent that can be charged to tenants.
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
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Deck
- Dining Room
- Handrails
- Lawn
- Smoke Free
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,392 CAD | 600 |
| 2+1 | 8 | $1,433 CAD | 720 |
1 1
Property Taxes
| Parcel Number | 22-18-10-453-017 | Total Assessment | $87,666 CAD |
| Land Assessment | $13,456 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $74,210 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
22-18-10-453-017
Land Assessment
$13,456 CAD
Improvements Assessment
$74,210 CAD
Total Assessment
$87,666 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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241 Maple St - Paw Paw Manor
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