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Brick Apartment Building with Five Units

209 S CENTRAL AVE, Casey, IL 62420

For Sale
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Solid brick rental building featuring five large apartments with separate utility metering.

Property Size3,948 SF
Price / SF$35.46
Days on Market110

Property Features for 209 S CENTRAL AVE

General Information

Standard status Active
Size 3,948 SF
Class B
Property subtype Retail, Multifamily, Mixed Use
Occupancy 100%
Lease Type NNN
Investment Type Value Add
Net Operating Income $27,568

Additional Details

Multifamily Units 5

Building Details

Year Built 1900
Buildings 1
Units 5
Tenancy Single
Construction solid brick
Listing Agency: LOYD Realty
Listed By: Eli Ahmadov
Source: Crexi
Added: Jul 23 Changed: Oct 26 Last Checked: Nov 8 at 8:49AM

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 LOYD Realty

Rey
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Investment Insights

Based on property information with market context.

This solid brick apartment building is configured as five large rental units. The property is described as being in great condition and designed for low maintenance and easy management.

The units have separate electric, water, and gas meters, supporting independent utility responsibility by unit. The building is located at 209 S Central Ave in Casey, IL.

The offering includes property management and financing options as noted in the remarks.

Key Highlights

  • Solid brick rental building built in 1900
  • 5 large apartments
  • Rents projected at $600 per unit

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

334
Businesses Nearby

Demographics for 62420, IL

4,196
Population
2,140
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
91%
High-School Grad
123.2 sq mi
ZIP Area
34
Density / Sq Mi
$68,235
Median Household Income
$40,182
Median Earnings
$738
Median Rent
$122,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - Solid brick rental building featuring five large apartments with separate utility metering.
Where is this apartment building located?
The property is located at 209 S CENTRAL AVE Casey, IL.
What is the asking price?
The asking price for this property is $139,999.
What are key features of this property?
This property features: Solid brick rental building built in 1900; 5 large apartments; Rents projected at $600 per unit
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