Building Details

Tenancy Multi

Listing Agency: Landmark Realty Of Illinois LLC j***@yahoo.com Show Phone

Listed By: Janelle McCarter · License #IL 471004781

Source: Crexi

Added: Apr 12 Changed: Aug 24 Last Checked: Aug 23 at 9:00PM

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Investment Insights

Based on property information with market context.

This historic 5-6 unit apartment building was built as a Catholic school and retains distinctive character throughout. The property features hard yellow southern pine floors in much of the building and many units with open floor plans. Exterior walls are described as 30 inches thick below an exterior sandstone ledge and 24 inches thick above, with interior walls constructed as 2 x 6. All apartments use electric heat except one unit with gas forced air. The roof is approximately 5 years old, and a drive-through portico with a tin ceiling is noted.

Per the current operating arrangement, the landlord pays water, sewer, and garbage, while tenants are responsible for electric and gas for their units.

Key Highlights

• 5–6 unit historic apartment building originally built as a Catholic school over 100 years ago
• Roof is approximately 5 years old and described as a huge 53‑square roof
• Hard yellow southern pine floors through much of the building and many units feature open floor plans

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Hair Salon Nail Salon Storage Facility

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

Lease Details

6

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Explore this area Business Placement

Demographics for 61349, IL

903

Population

470

Households

1.9

Avg Household Size

46

Median Age

17%

College-Educated

93%

High-School Grad

62.0 sq mi

ZIP Area

15

Density / Sq Mi

$65,938

Median Household Income

$40,833

Median Earnings

$731

Median Rent

$117,400

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 - Five-to-six unit building with historic construction, electric heat in most units, and landlord-paid water, sewer, and garbage.

Where is this apartment building located?

The property is located at 109 N Memorial St Ohio, IL.

What are key features of this property?

This property features: 5–6 unit historic apartment building originally built as a Catholic school over 100 years ago; Roof is approximately 5 years old and described as a huge 53‑square roof; Hard yellow southern pine floors through much of the building and many units feature open floor plans