512 Moen Ave, Unit 514 Rockdale, IL 60436-2592

Property Details for 512 Moen Ave

Year built

1912

Lot size

0.15 lot acres

Property type

Commercial real estate

APN

30-07-20-127-003

APU

300720127003

Description

This exceptional investment opportunity presents two landmark buildings situated in the heart of Downtown Rockdale, Illinois. The property comprises sixteen rental units, a rare find in this market, offering a strong 8% capitalization rate at the list price of $1,760,000. The unit mix includes ten two-bedroom units and six one-bedroom units, all currently occupied by long-term tenants with a consistent and reliable rental history – no delinquencies reported. This presents a stable income stream with significant potential for future growth. The property's strong occupancy and established tenant base provide immediate cash flow. Further value-add opportunities exist through potential rent increases, reflecting current market conditions. Annual operating expenses are well-documented and include property taxes ($10,225), repairs and maintenance ($4,500), vacancy allowance ($2,000), water ($3,300), electricity and gas ($534), insurance ($10,752), snow removal ($1,200), and trash removal ($2,400). This detailed breakdown allows for thorough due diligence and informed investment decisions. This is a turnkey multifamily investment with a proven track record and substantial upside potential. Don't miss this chance to acquire a prime commercial property in a thriving downtown location.