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528 Curry Ave - ILLINOIS SOLAR DUPLEX 1,728 SF Specialty Building Offered at $370,496 CAD at a 9.81% Cap Rate in Illiopolis, IL 62539
INVESTMENT HIGHLIGHTS
- EXTREMELY ENERGY EFFICIENT--SMALL TOWN LOCATION --EASY ACCESS TO 3 MAJOR CITIES--VILLAGE APPROVED TIF 75%TAX REIMBURSEMENT UP TO $70,000 OVER 10 YEARS
EXECUTIVE SUMMARY
NEW CONSTRUCTION--Very energy efficient--high end Heat Pump Mini Split HVAC system--extra insulation, unique insulated block crawl space--convenient location between Springfield IL (IL State Capital), Decatur, IL (ADM/Catepillar) and Bolingbrook (State Farm/Rivian)--INVESTMENT TAX CREDIT FOR NEW HEAT PUMPS--UP TO $2,000
PRICE INCLUDE NEW SOLAR ROOF INSTALLATION--AND INCLUDES OVER $50,000 OF IMMEDIATE TAX CREDITS, STATE REBATES AND BONUS DEPRECIATION (FOR 35% BRACKET) (MORE INFO AVAILABLE FOR THE SOLAR INSTALLATION)
CALL OR EMAIL FOR MORE INFORMATION--WE ARE BUILDING SEVERAL OF THESE IN CENTRAL IL
$100,000 DOWN--SHORT TERM SELLER FINANCING OF $169,000 AT 7%
PRICE INCLUDE NEW SOLAR ROOF INSTALLATION--AND INCLUDES OVER $50,000 OF IMMEDIATE TAX CREDITS, STATE REBATES AND BONUS DEPRECIATION (FOR 35% BRACKET) (MORE INFO AVAILABLE FOR THE SOLAR INSTALLATION)
CALL OR EMAIL FOR MORE INFORMATION--WE ARE BUILDING SEVERAL OF THESE IN CENTRAL IL
$100,000 DOWN--SHORT TERM SELLER FINANCING OF $169,000 AT 7%
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$36,361
|
$21.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,361
|
$21.04
|
| Taxes |
$1,377
|
$0.80
|
| Operating Expenses |
$2,755
|
$1.59
|
| Total Expenses |
$4,132
|
$2.39
|
| Net Operating Income |
$32,229
|
$18.65
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $36,361 |
| Annual Per SF | $21.04 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $36,361 |
| Annual Per SF | $21.04 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,377 |
| Annual Per SF | $0.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,755 |
| Annual Per SF | $1.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,132 |
| Annual Per SF | $2.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $32,229 |
| Annual Per SF | $18.65 |
PROPERTY FACTS
| Price | $370,496 CAD | Lot Size | 0.20 AC |
| Price Per SF | $214.41 CAD | Building Size | 1,728 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.81% | Year Built | 2023 |
| Property Type | Specialty | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Residential Income | ||
| Zoning | Residential - Multi Family | ||
| Price | $370,496 CAD |
| Price Per SF | $214.41 CAD |
| Sale Type | Investment |
| Cap Rate | 9.81% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Lot Size | 0.20 AC |
| Building Size | 1,728 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | Residential - Multi Family |
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Curry Drive Partners
528 Curry Ave - ILLINOIS SOLAR DUPLEX
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