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    205 Sandra Ave Mendota, IL 61342

    Sponsored
    For Sale
    $5,600,000

    56-Unit Apartment Complex, Excellent ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a well-maintained, 56-unit apartment complex situated on a 3.32-acre lot in Mendota, Illinois, at 205 Sandra Avenue, zip code 61342. The property comprises 14 buildings, offering a diverse mix of unit sizes to cater to a wide range of tenants. The unit breakdown includes 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments, providing a strong foundation for consistent rental income. Significant updates have been implemented over the past six years, ensuring the property is in excellent condition and ready for immediate occupancy. The complex benefits from professional management and established maintenance procedures, minimizing operational concerns for the new owner. This turnkey investment is priced at $5,600,000 and presents a compelling opportunity for investors seeking a stable and high-performing multifamily asset in a desirable location. The property's location in Mendota, La Salle County, Illinois, offers convenient access to local amenities and services. This is a rare chance to acquire a well-established, income-producing property with a proven track record. The existing infrastructure and professional management team ensure a smooth transition for the new owner. This is an ideal investment for those seeking a stable, high-yield return on their investment.

    Property Features for 205 Sandra Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $5,600,000 asking price.
    • Multifamily property with land, classified as an apartment building and commercial duplex/triplex/quadruplex.
    • 56 units total: 12 one‑bedroom, 18 two‑bedroom, and 26 three‑bedroom apartments across 14 buildings on a 3.32‑acre site in Mendota, IL.
    • Extensive updates within the last six years.
    • Professionally managed with existing maintenance program.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paragon Stays Extended Stay Hotel Wentworth Commons Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendota
    County
    La Salle
    State
    Illinois
    Longitude
    -89.1307802
    Latitude
    41.5423502

    Nearby Comparable

    • $5,600,000

      Wentworth Commons: Mendota Multifamily

      Prime Mendota investment: 56 units, 3.32 acres.
      205 Sandra Ave, Mendota, IL 61342
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    Nearby Similar for Sale

    • New
      $490,000
      0.16 Acres

      Turnkey Pizzeria & Bar with Apartments

      Pizzeria, sports bar, and apartments in historic downtown Mendota.
      801 6Th St, Mendota, IL 61342
      View Details
    • $103,900

      Mendota Multi-Family Investment Opportunity

      Two buildings, 4540 sq ft, strong rental income.
      706-708 Jefferson St, Mendota, IL 61342
      View Details
    • $5,600,000

      Wentworth Commons: Mendota Multifamily

      Prime Mendota investment: 56 units, 3.32 acres.
      205 Sandra Ave, Mendota, IL 61342
      View Details
    • $159,000
      1,194 SF

      Mendota Commercial Space - Prime Location

      Spacious Commercial Building, Updated & Convenient
      306 7Th Ave, Mendota, IL 61342
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 56-Unit Apartment Complex, Excellent ROI
    Where is this multifamily property located?
    The property is located at 205 Sandra Ave Mendota, IL.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: $5,600,000 asking price.; Multifamily property with land, classified as an apartment building and commercial duplex/triplex/quadruplex.; 56 units total: 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments across 14 buildings on a 3.32-acre site in Mendota, IL.
    Request Owner's contact information
    205 Sandra Ave Mendota, IL 61342
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    Mendota, IL 61342
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    205 Sandra Ave Mendota, IL 61342
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