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9-Unit Apartment Building
For Sale
$435,000

102 ELM Street, Dawson, IL 62520

MULTI_FAMILY - Dawson, IL

Property SizeContact for details
Days on Market172

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 6, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 8, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 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

coin-operated laundry
window air conditioning

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: Aug 8 Last Checked: Aug 10 at 5:06AM
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.

The property includes a main apartment building with 9 units, consisting of 4 units on the main level, 4 units upstairs, and 1 unit at the end accessed by 4 steps. Each unit is electric, with tenants paying electric usage. The owner pays water, sewer, trash, snow removal, mowing, and gas/electric for the common areas. Unit amenities include window AC units, a refrigerator, and a range/oven. A coin-operated laundry room features 2 washers and 2 dryers in the commons area, and most hot water heaters are newer. Interior features include storage. The building was built in 1950 and features wood siding with a shingle roof and electric heating.

In addition, 2 lots with mobile homes are included, and those mobile homes are tenant-owned. The lot with mobile homes is zoned R2, while the apartment building is described as zoned R2 for the main building. Parking is available via alley.

The listing also notes that two tax IDs apply, and secondary tax ID information must be included on offers.

Key Highlights

  • 9 units with 4 on the main level, 4 upstairs, and 1 unit accessed by 4 steps
  • Coin‑operated laundry with 2 washers and 2 dryers in the common area
  • Electric units: tenants pay electric; owner pays water, sewer, trash, snow removal, mowing, and common‑area gas/electric

Property Analytics

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - R3-zoned apartment building with electric heat and window AC, plus two tenant-owned mobile homes on included lots.
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 units with 4 on the main level, 4 upstairs, and 1 unit accessed by 4 steps; Coin‑operated laundry with 2 washers and 2 dryers in the common area; Electric units: tenants pay electric; owner pays water, sewer, trash, snow removal, mowing, and common‑area gas/electric
More about this property
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