20-Unit Apartment
For Sale
Contact for pricing
Pending
605 15th St, Lawrenceville, IL 62439
Two-building 20-unit apartment community offers one- and two-bedroom units with on-site laundry facilities.
Property SizeContact for details
Days on Market144
Property Features for 605 15th St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
85%
Additional Details
Multifamily Units
20
Building Details
Tenancy
Multi
Listing Agency:
Mr. Landman
(217) 202-0924
Listed By:
Jon Fisher · License #IL 471.020503
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 29 at 2:13PM
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 Mr. Landman
Investment Insights
Based on property information with market context.
Northgate Apartments is a 20-unit multifamily property in Lawrenceville, Illinois. The community is comprised of two buildings containing (16) one-bedroom apartments and (4) two-bedroom apartments. Constructed in the late 1960s to early 1970s, the units have been maintained throughout their operating life, with paint touch-ups, carpet replacements, and minor repairs as needed. Both buildings include their own laundry facilities.
The apartments are located at a busy corner in Lawrenceville, across from CVS and near Circle K and Marathon gas stations.
The north building has had its roof replaced within the past year or two. The south building has not had roof replacement completed, and the owner is not aware of the roof’s age. The owner has replaced a large number of windows between the buildings, and some additional window updates may still be needed. There are currently three units vacant due to recent move-outs, and the seller is working to renovate and re-rent these units prior to closing.
The apartments are located at a busy corner in Lawrenceville, across from CVS and near Circle K and Marathon gas stations.
The north building has had its roof replaced within the past year or two. The south building has not had roof replacement completed, and the owner is not aware of the roof’s age. The owner has replaced a large number of windows between the buildings, and some additional window updates may still be needed. There are currently three units vacant due to recent move-outs, and the seller is working to renovate and re-rent these units prior to closing.
Key Highlights
- 20‑unit apartment community in Lawrenceville, IL with two buildings
- Unit mix: 16 one‑bedroom apartments and 4 two‑bedroom apartments
- On‑site laundry facilities in both buildings
Property Analytics
Current Use
Lease Details
20
Residential units
85%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 62439, IL
6,966
Population
3,563
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
90%
High-School Grad
148.0 sq mi
ZIP Area
47
Density / Sq Mi
$52,083
Median Household Income
$37,006
Median Earnings
$824
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building 20-unit apartment community offers one- and two-bedroom units with on-site laundry facilities.
Where is this apartment building located?
The property is located at 605 15th St Lawrenceville, IL.
What are key features of this property?
This property features: 20‑unit apartment community in Lawrenceville, IL with two buildings; Unit mix: 16 one‑bedroom apartments and 4 two‑bedroom apartments; On‑site laundry facilities in both buildings
