24-Unit HUD-Subsidized Apartment
111 Bannon Dwight, IL 60420
111 Bannon, Dwight, IL, 60420
Contact for pricing
For Sale
Contact for pricing
Pending
Well-maintained 24-unit multifamily property with HUD subsidy support and 2024 pro-forma NOI of $146,467.
Property Size16,160 SF
Days on Market329
Property Features for 111 Bannon
General Information
- Standard status
- Pending
- Size
- 16,160 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agency
WEB VIDEO Realty
(815) 955-9489
Listed by
Michael O'Donnell · License #IL 471.009539
Source
Crexi
Added: Aug 29, 2025 Updated: Jul 20 at 8:50PM Checked: Jul 22 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEB VIDEO Realty
Investment Insights
Based on property information with market context.
This well-maintained 24-unit apartment building is offered for sale in Dwight, IL. The property is described as HUD-subsidized, with a significant portion of the rent roll tied to a HUD contract intended to support stable occupancy and collections. Reported 2024 pro-forma financials include Net Operating Income of $146,467 and a stated pro-forma capitalization rate of 11.74%.
In addition to the in-place performance, the seller notes continued strength in 2025 year-to-date results. The property is described as having a desirable mix of units, and the offering materials indicate value-add opportunities related to non-subsidized units and minor operational efficiencies. A due diligence package with detailed financials is available upon request.
In addition to the in-place performance, the seller notes continued strength in 2025 year-to-date results. The property is described as having a desirable mix of units, and the offering materials indicate value-add opportunities related to non-subsidized units and minor operational efficiencies. A due diligence package with detailed financials is available upon request.
Key Highlights
- 24‑unit multifamily building built in 1961 with HUD subsidy support
- 2024 pro‑forma NOI of $146,467 and pro‑forma cap rate of 11.74%
- HUD contract subsidizes a significant portion of the rent roll, supporting a stable income stream
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FAQs
What type of property is this?
Apartment building - Well-maintained 24-unit multifamily property with HUD subsidy support and 2024 pro-forma NOI of $146,467.
Where is this apartment building located?
The property is located at 111 Bannon Dwight, IL.
What are key features of this property?
This property features: 24‑unit multifamily building built in 1961 with HUD subsidy support; 2024 pro‑forma NOI of $146,467 and pro‑forma cap rate of 11.74%; HUD contract subsidizes a significant portion of the rent roll, supporting a stable income stream
