Building Details

Year Built 1970

Listing Agency: eXp Realty

Listed By: Kayla Johnson · License #475202973 Show Phone

Source: Nations-network

Added: Sep 14 Changed: Oct 26 Last Checked: Oct 7 at 5:22PM

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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 eXp Realty

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Investment Insights

Based on property information with market context.

This duplex package includes four units distributed across two separate parcels, which are being conveyed together in a single sale. Three units are occupied, while the remaining unit is vacant and available for leasing, showings, or owner occupancy. The property was built in 1970 and has a total property size of 1,440.

The offering is located at 207-209 Roxana Ave in South Roxana, Illinois. Both parcels are included in the transaction, providing a consolidated four-unit residential income property with a mix of occupied and available units.

Key Highlights

• Four units across two separate parcels
• Three units currently occupied
• One vacant unit suitable for leasing, showings, or owner occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,608

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,160 $212.2K

Cap Rate 7%

$151,543 $151.5K

Cap Rate 9%

$117,867 $117.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$16.4K $11.40/SF

− Vacancy

−$1.3K −$0.88/SF

EGI

$15.2K $10.52/SF

− OpEx

−$4.5K −$3.16/SF

NOI

$10.6K $7.37/SF

Area

Madison County, IL

Vacancy

7.69%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$212,160

Cap Rate 7%

$151,543

Cap Rate 9%

$117,867

Alternative Uses

Best Use

Multifamily LT 5

$151.5K

$132.6K – $176.8K (±1% cap)

NOI $10,608 @ 7.0% cap · market cap 3.86%

Second Best

Apartment 5plus

$142.2K

$124.5K – $166.0K (±1% cap)

NOI $9,957 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$392.5K

$343.4K – $457.9K (±1% cap)

NOI $27,475 @ 7.0% cap · market cap 9.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

99

Businesses Nearby

Explore this area Business Placement

Demographics for 62087, IL

1,887

Population

933

Households

2

Avg Household Size

37

Median Age

6%

College-Educated

86%

High-School Grad

3.5 sq mi

ZIP Area

539

Density / Sq Mi

$56,364

Median Household Income

$26,528

Median Earnings

$821

Median Rent

$87,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two parcels convey together, with three units occupied and one available for leasing or owner occupancy.

Where is this duplex located?

The property is located at 207-209 Roxana Ave South Roxana, IL.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Four units across two separate parcels; Three units currently occupied; One vacant unit suitable for leasing, showings, or owner occupancy