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9-Unit Apartment Building
For Sale
$435,000

102 ELM Street, Dawson, IL 62520

Residential Income, Dawson, IL

Property SizeContact for details
Days on Market219

Property Features for 102 ELM Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bathroom 3, Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 8, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 2
Parking 12
Parking features Alley
Interior features Storage
Basement Partial
Lot features Level
High school Tri-City District #1
Directions GPS Friendly
Standard status Active
APN 16080153009

Taxes and HOA fees

Tax Year 2025
Tax Description See tax records
Tax Annual Amount 4295
Legal Description See tax records

Utilities

Heating system Electric (Heating)
Water source Public

Amenities

common area laundry

Building Details

Year built 1950
Number of units 9
Building materials Wood Siding
Roof type Shingle
Additional Structures Storage
Listing Agency: The Real Estate Group, Inc.
Listed By: Jami Winchester · License #475109074
Added: Feb 19 Changed: Sep 16 Last Checked: Sep 26 at 10:06AM
MLS# CA1041847

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property includes a 9-unit apartment building at 102 Elm Street, plus 2 lots containing tenant-owned mobile homes. All apartment and mobile home spaces are occupied. The main building has 4 units on the ground level, 4 upstairs, and 1 end unit accessed by 4 steps. It was converted from a school gymnasium in the 1970s and includes storage, wood siding, a shingle roof, public water, and electric heating.

Apartment interiors include a window AC unit, refrigerator, and range/oven in each unit. The apartments are individually electric, with tenants responsible for their electric service. The owner provides water, sewer, trash service, snow removal, mowing, and utilities for the common areas. A shared laundry area includes 2 washers and 2 dryers operated on a coin basis. The property also includes alley parking and a secondary address at 209 N Lewis.

Key Highlights

  • 9‑unit apartment building with 4 main‑level units, 4 upstairs, and 1 end unit reached by 4 steps
  • 2 additional lots with tenant‑owned mobile homes; all spaces are occupied
  • Main building converted from a school gymnasium in the 1970s

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Storage Facility Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

Demographics for 62520, IL

1,505
Population
630
Households
2.4
Avg Household Size
46
Median Age
18%
College-Educated
97%
High-School Grad
25.9 sq mi
ZIP Area
58
Density / Sq Mi
$84,457
Median Household Income
$40,550
Median Earnings
$805
Median Rent
$225,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with tenant-owned mobile homes and shared coin-operated laundry facilities.
Where is this apartment building located?
The property is located at 102 ELM Street Dawson, IL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 9‑unit apartment building with 4 main‑level units, 4 upstairs, and 1 end unit reached by 4 steps; 2 additional lots with tenant‑owned mobile homes; all spaces are occupied; Main building converted from a school gymnasium in the 1970s
More about this property
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