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Executive Summary

LARGE DOWNTOWN BUILDING!!! Block away from the water. All Brick. Newer Roof. Brand New Gas Furnace! Over 5200 square feet! Total of 4 apartments, and space to add a couple more!! Offered at a massive discount, only $12.5 per square foot!!!! BUILDING WILL GENERATE A 18%+ NET RETURN ON INVESTMENT!!! Easy to manage. Long term tenants.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $33,010 $6.35
Other Income - -
Vacancy Loss - -
Effective Gross Income $33,010 $6.35
Taxes $3,128 $0.60
Operating Expenses $11,748 $2.26
Total Expenses $14,876 $2.86
Net Operating Income $18,135 $3.49

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $33,010
Annual Per SF $6.35
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $33,010
Annual Per SF $6.35
Taxes (CAD)
Annual $3,128
Annual Per SF $0.60
Operating Expenses (CAD)
Annual $11,748
Annual Per SF $2.26
Total Expenses (CAD)
Annual $14,876
Annual Per SF $2.86
Net Operating Income (CAD)
Annual $18,135
Annual Per SF $3.49

Property Facts

Price $91,554 CAD
Price Per Unit $22,889 CAD
Sale Type Investment
Cap Rate 18.39%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Building Class C
Building Size 5,200 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900
Parking Ratio 0.77/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $705.35 CAD -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 41364692

  • Date on Market: 2026-07-20

  • Last Updated:

  • Address: 297 Oak St, Dallas City, IL 62330

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