Spacious Duplex with Detached
800 Illinois Street Walkerton, IN 46574
800 Illinois Street, Walkerton, IN, 46574
$285,000
For Sale
$285,000
Charming duplex with newer roof and furnaces on double lot.
Property Size2,596 SF
Price / SF$109.78
Days on Market189
Property Features for 800 Illinois Street
General Information
- Standard status
- Active
- Size
- 2,596 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1950
Listing Agency
Main Street Real Estate Co. LLC
(574) 586-7030
Listed by
Lisa Patton
(574) 586-7030
Source
Compass
Added: Jan 11 Checked: Jul 17 at 5:34 am
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 Main Street Real Estate Co. LLC
Investment Insights
Based on property information with market context.
This charming duplex features spacious units, suitable for living in one unit and renting the other. The property includes a newer roof and furnaces. The main level unit offers four bedrooms, a large bathroom, a kitchen, and a living room. The upper level unit features three bedrooms, a large kitchen, and a dining area. The property also includes a double lot and a detached garage. The property size is 2596 square feet. Appliances are negotiable.
Key Highlights
- Duplex: Live in one unit and rent the other for income
- Newer Roof and Furnaces: Indicates recent upgrades and reduced maintenance costs
- Spacious Units: Main level has 4 bedrooms, upper level has 3 bedrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $13.44 |
| − Vacancy | −$2.2k | −$0.86 |
| EGI | $32.7k | $12.58 |
| − OpEx | −$9.8k | −$3.78 |
| NOI | $22.9k | $8.81 |
2,596 SF · lease $13.44/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.7K
$285.8K – $381.1K
NOI $22,867 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,822 @ 7.0% cap · market cap 6.96%
Theoretical Best
Retail
$514.8K
$450.4K – $600.6K
NOI $36,035 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Charming duplex with newer roof and furnaces on double lot.
Where is this duplex located?
The property is located at 800 Illinois Street Walkerton, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex: Live in one unit and rent the other for income; Newer Roof and Furnaces: Indicates recent upgrades and reduced maintenance costs; Spacious Units: Main level has 4 bedrooms, upper level has 3 bedrooms
