Listing Agency: Brinkoetter Realtors

Listed By: Ashley Lamb · License #IL 475182829

Source: Crexi

Added: Apr 11 Changed: Aug 28 Last Checked: Aug 28 at 4:27PM

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Investment Insights

Based on property information with market context.

Located in Alvin, Illinois, this property, also known as 28124 Bowman Rd, comprises five buildings with townhome and cottage-style apartments. The complex includes 18 units, with one unit currently utilized as an owner's workshop or storage space. The units feature two to three bedrooms and one to two bathrooms. The property is located within the highly sought-after Bismark-Henning School District. The monthly rent roll is $12,620. The property has undergone numerous updates throughout.

Key Highlights

• Monthly Rent Roll: $12,620
• 18 Units (including owner's workshop/storage)
• Highly sought after Bismark‑Henning School District

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Garden Center Grocery & Convenience Store Kitchen & Bath Showroom Pet Grooming Service Pet Store & Service

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

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

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Demographics for 61811, IL

666

Population

327

Households

2

Avg Household Size

45

Median Age

9%

College-Educated

95%

High-School Grad

26.5 sq mi

ZIP Area

25

Density / Sq Mi

$68,750

Median Household Income

$39,167

Median Earnings

$900

Median Rent

$122,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 18-unit apartment complex with updates in Bismark-Henning School District.

Where is this apartment building located?

The property is located at 28124 N 1800 East Rd Alvin, IL.

What are key features of this property?

This property features: Monthly Rent Roll: $12,620; 18 Units (including owner's workshop/storage); Highly sought after Bismark‑Henning School District