605 15th St Lawrenceville, IL 62439

Listing agency Mr. Landman j***@gmail.com Show Phone

Listed by Jon Fisher · License #IN RB18000549

Source Crexi

Added: Apr 11 Updated: Jul 20 at 7:49PM Checked: Jul 21 at 12:35PM

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Investment Insights

Based on property information with market context.

Northgate Apartments is a 20-unit multifamily property in Lawrenceville, Illinois. The community is comprised of two buildings containing (16) one-bedroom apartments and (4) two-bedroom apartments. Constructed in the late 1960s to early 1970s, the units have been maintained throughout their operating life, with paint touch-ups, carpet replacements, and minor repairs as needed. Both buildings include their own laundry facilities.

The apartments are located at a busy corner in Lawrenceville, across from CVS and near Circle K and Marathon gas stations.

The north building has had its roof replaced within the past year or two. The south building has not had roof replacement completed, and the owner is not aware of the roof’s age. The owner has replaced a large number of windows between the buildings, and some additional window updates may still be needed. There are currently three units vacant due to recent move-outs, and the seller is working to renovate and re-rent these units prior to closing.

Key Highlights

• 20‑unit apartment community in Lawrenceville, IL with two buildings
• Unit mix: 16 one‑bedroom apartments and 4 two‑bedroom apartments
• On‑site laundry facilities in both buildings

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FAQs

What type of property is this?

Apartment building - Two-building 20-unit apartment community offers one- and two-bedroom units with on-site laundry facilities.

Where is this apartment building located?

The property is located at 605 15th St Lawrenceville, IL.

What are key features of this property?

This property features: 20‑unit apartment community in Lawrenceville, IL with two buildings; Unit mix: 16 one‑bedroom apartments and 4 two‑bedroom apartments; On‑site laundry facilities in both buildings