24-Unit HUD-Subsidized Apartment
For Sale
Contact for pricing
Pending
111 Bannon, Dwight, IL 60420
Well-maintained 24-unit multifamily property with HUD subsidy support and 2024 pro-forma NOI of $146,467.
Property Size16,160 SF
Days on Market375
Property Features for 111 Bannon
General Information
Standard status
Pending
Size
16,160 SF
Total Parking Spaces
30
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
1961
Year Renovated
2024
Stories
1
Units
24
Listing Agency:
WEB VIDEO Realty
Listed By:
Michael O'Donnell · License #IL 471.009539
(815) 955-9489
Source:
Crexi
Added: Aug 29, 2025
Changed: Aug 8
Last Checked: Jul 24 at 4:42PM
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 60420, IL
4,701
Population
2,002
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
93%
High-School Grad
96.7 sq mi
ZIP Area
49
Density / Sq Mi
$68,184
Median Household Income
$38,973
Median Earnings
$984
Median Rent
$161,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
