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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

400 Broadway Goreville, IL 62939

5,760 SF Built 2007
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained eight-unit apartment building located at 400 S BROADWAY, Goreville, IL 62939. Built in 2007, the property boasts a total of 5,760 square feet and comprises a single building. The layout offers a diverse mix of residential units, ideal for a range of tenants. Upstairs, you'll find four apartments: two one-bedroom units and two two-bedroom units, providing flexibility and appealing to various rental needs. On the ground floor, the property includes a large open area, a dedicated office space, and a one-bedroom apartment, adding to the income potential and versatility of the property. This property is situated in Johnson County, Illinois, offering a strong foundation for a stable and profitable investment. The asking price for this turnkey operation is $340,000. The property's size and configuration make it an attractive option for both seasoned investors and those seeking to enter the multifamily market. With its established rental income streams and potential for further growth, this Goreville apartment building represents a compelling investment opportunity. The property's location and solid construction contribute to its long-term value and potential for appreciation. This is a rare chance to acquire a well-established multifamily property in a desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 5,760 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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