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    Danville Multifamily Investment Opportunity Title is generated by Realmo AI

    716 Robinson Street, Danville, IL 61832

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    For Sale
    $129,900

    MULTI_FAMILY - Danville, IL

    Lot size:
    0.35 Acres
    Added:
    May 27, 2026
    Days on Market:
    1
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 716 Robinson Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    25
    Bathrooms
    15
    Rooms
    Bedroom 2, Bedroom 12, Bathroom 15, Bedroom 19, Bedroom 10, Bedroom 23, Bathroom 7, Bathroom 11, Bedroom 3, Bedroom 22, Bedroom 17, Bedroom 20, Bathroom 5, Bathroom 8, Bathroom 3, Bedroom 9, Bathroom 10, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 14, Bedroom 6, Bedroom 15, Bathroom 13, Bedroom 13, Bedroom 14, Bedroom 16, Bedroom 18, Bathroom 1, Bathroom 12, Bathroom 9, Bedroom 21, Bathroom 4, Bathroom 2, Bedroom 25, Bathroom 6, Bedroom 11, Bedroom 8, Bedroom 24, Bedroom 1
    Standard status
    Active
    APN
    23053020420000
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    857

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    5

    We can help!

    Listing Contact
    Misael Chacon

    Listing agent Misael Chacon License #471.021523

    Listing office Beycome Brokerage Realty LLC 400 NW 26 Street, South Miami, IL

    Listing date May 27, 2026

    MLS# 12659837

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great return on investment potential.
    • Amazing value add opportunity.
    • Includes a duplex and a house on one parcel, plus a duplex on another.
    • Total of 5 units: 4 x 2bed/1bath and 1 x 1bed/1bath.
    • Units are rent ready.
    • One of the 2bed units is recently rented.

    Overview

    This property in Danville, Illinois, presents a multifamily investment opportunity. It includes a duplex and a house situated on one parcel, along with another duplex on a separate parcel, totaling five units. The unit mix comprises four two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Positioned on a 0.35-acre lot, the property offers significant potential for value enhancement. The units are described as rent-ready, with one of the two-bedroom units recently rented. The zoning is classified as MULTI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Vermilion
    State
    Illinois
    Longitude
    -87.636955
    Latitude
    40.136143

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    FAQs

    What type of property is this?
    Multifamily property - Five units with value-add potential in Danville, Illinois.
    Where is this multifamily property located?
    The property is located at 716 Robinson Street Danville, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Great return on investment potential.; Amazing value add opportunity.; Includes a duplex and a house on one parcel, plus a duplex on another.
    (804) 656-5007
    We can help!
    Listing Contact
    Misael Chacon
    Real Estate License ID: 471.021523
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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