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    1103 6Th St Charleston, IL 61920

    Sponsored
    For Sale
    $170,000

    Two-building rental property near EIU. High cash flow potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity in Charleston, Illinois, presents two income-generating properties ideally situated near Eastern Illinois University. The 0.3-acre lot encompasses two buildings. The first building is a well-maintained three-bedroom, one-bathroom unit featuring a practical layout and a sizable parking area. The second building offers more spacious accommodations with four bedrooms and two bathrooms, incorporating modern amenities. Both properties boast a proven track record of consistent rental income, ensuring a reliable cash flow stream for the investor. The combined properties represent a compelling investment in a highly sought-after location, benefiting from the proximity to the university and its student population. The asking price for this multifamily property is $170,000. This is a rare chance to acquire a turnkey investment property with immediate income potential in a thriving market. The property is classified as both multifamily and commercial, and is specifically categorized as a duplex/triplex/quadruplex. The address is 1103 & 1105 6th St., Charleston, IL 61920, located in Coles County.

    Property Features for 1103 6Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    13,068 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Coles
    State
    Illinois
    Longitude
    -88.1748955
    Latitude
    39.4871024

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    FAQs

    What type of property is this?
    Multifamily property - Two-building rental property near EIU. High cash flow potential.
    Where is this multifamily property located?
    The property is located at 1103 6Th St Charleston, IL.
    What is the asking price?
    The asking price for this property is $170,000.
    Request Owner's contact information
    1103 6Th St Charleston, IL 61920
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    Charleston, IL 61920
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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
    1103 6Th St Charleston, IL 61920
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