11-Pad Mobile Home
224 North Poplar Street, Ludlow, IL 60949
For Sale
Contact for pricing
Tenant-owned homes reduce the park’s direct responsibility for home maintenance, alongside an on-site house requiring renovation.
Property SizeContact for details
Days on Market32
Property Features for 224 North Poplar Street
General Information
Standard status
Property subtype
Occupancy
Financials
Cap Rate
Gross Income
Units
Mobile Home Lots
Park-Owned Homes
Additional Details
Highway Access
Tenant in Place
Listing Agency:
Ellsbury Group
Listed By:
John Wiebolt · License IL #475213033
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 3:56PM
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 Ellsbury Group
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Investment Insights
Based on property information with market context.
This mobile home park has 11 pads, with tenant-owned homes across the community; three are under seller financing. The property is licensed for 12 pads and also includes a single-family house that needs renovation. The house can be renovated, or the site can be operated in its current configuration. The in-place cap rate is 12.8%, and the community is fully occupied.
The property is near I-57 and Hwy 45, with access to employment centers in Rantoul, Paxton, and the Champaign-Urbana metro area.
The property is near I-57 and Hwy 45, with access to employment centers in Rantoul, Paxton, and the Champaign-Urbana metro area.
Key Highlights
- 11‑pad community with all homes tenant‑owned
- 12.8% in‑place cap rate
- Licensed for 12 pads
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 60949, IL
501
Population
238
Households
2.1
Avg Household Size
40
Median Age
13%
College-Educated
85%
High-School Grad
22.9 sq mi
ZIP Area
22
Density / Sq Mi
$56,250
Median Household Income
$37,083
Median Earnings
$775
Median Rent
$99,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Tenant-owned homes reduce the park’s direct responsibility for home maintenance, alongside an on-site house requiring renovation.
Where is this mobile home & rv park located?
The property is located at 224 North Poplar Street Ludlow, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 11‑pad community with all homes tenant‑owned; 12.8% in‑place cap rate; Licensed for 12 pads
