5-Unit Apartment
New
For Sale
$950,000
210 Woodrow Avenue, Manhattan, IL 60442
Apartments have separate electric meters, with on-site parking and coin-operated laundry available to residents.
Property Size7,080 SF
Price / SF$134.18
Days on Market7
Property Features for 210 Woodrow Avenue
General Information
Standard status
Active
Size
7,080 SF
Property subtype
Commercial
Zoning
MULTI
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
5
Individually Metered Utilities
electricity
Additional Details
Gross Income
$89,400
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,417
Amenities
dedicated on-site parking
coin-operated laundry facilities
Building Details
Building Size
7,080 SF
Year Built
1978
Stories
2
Units
5
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
Vitalija Kucinskaite · License #475210280
(708) 798-1111
Source:
Fishmangroup
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 1:25PM
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 Keller Williams Preferred Rlty
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Investment Insights
Based on property information with market context.
At 210 Woodrow Avenue in Manhattan, this 7,080-square-foot apartment property was built in 1978 and is zoned MULTI. Its five residences comprise four two-bedroom, one-bathroom apartments and a two-story three-bedroom, two-bathroom unit with an attached one-car garage. That larger apartment has two living areas, an updated kitchen, central air conditioning and private laundry hookups; another unit also has an updated kitchen. The property includes coin-operated laundry equipment and dedicated parking.
All five apartments are occupied under month-to-month rental arrangements. Electricity is separately metered for each residence, with tenants responsible for their own electric usage. The water heater, furnace and central air conditioning system are approximately 10 years old.
All five apartments are occupied under month-to-month rental arrangements. Electricity is separately metered for each residence, with tenants responsible for their own electric usage. The water heater, furnace and central air conditioning system are approximately 10 years old.
Key Highlights
- Five apartments: four 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- 7,080 square feet; built in 1978; zoned MULTI
- Two‑story apartment includes two living areas and an attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,134
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,642,680
$1.6M
Cap Rate 7%
$1,173,343
$1.2M
Cap Rate 9%
$912,600
$912.6K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$160.6K $22.68/SF
− Vacancy
−$11.2K −$1.59/SF
EGI
$149.3K $21.09/SF
− OpEx
−$67.2K −$9.49/SF
NOI
$82.1K $11.60/SF
Area
Will County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,642,680
Cap Rate 7%
$1,173,343
Cap Rate 9%
$912,600
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,134 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,402 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 60442, IL
12,218
Population
4,680
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
98%
High-School Grad
67.0 sq mi
ZIP Area
182
Density / Sq Mi
$128,307
Median Household Income
$57,850
Median Earnings
$1,225
Median Rent
$340,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments have separate electric meters, with on-site parking and coin-operated laundry available to residents.
Where is this apartment building located?
The property is located at 210 Woodrow Avenue Manhattan, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five apartments: four 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; 7,080 square feet; built in 1978; zoned MULTI; Two‑story apartment includes two living areas and an attached one‑car garage
