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    OFF-MARKET
    Residential income homes

    641-659 Linda Ct, Mount Zion, IL 62549

    1,225 SF 2.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a portfolio of four fully leased duplexes totaling eight units, situated on a 2.88-acre lot in Mount Zion, Illinois. The property consists of four single-story buildings, each featuring spacious two-unit duplexes. Currently boasting 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $117,600 annually, representing an 8.40% cap rate. However, with significant potential for rental increases, a pro-forma NOI of $172,800 and a 12.34% pro-forma cap rate are projected. Each unit is approximately 1,225 square feet and the property is zoned RES, offering flexibility for future development. The asking price is $1,400,000, or $175,000 per unit. Located on Linda Ct., in Mount Zion, IL 62549, this property benefits from its location in a desirable neighborhood with easy access to amenities and major roadways, ensuring strong rental demand and high tenant retention. This turnkey investment offers immediate cash flow and substantial value-add potential in a growing community. The property's strong historical performance and current market conditions make this a compelling opportunity for investors seeking immediate returns and long-term growth. The well-maintained buildings and spacious units contribute to tenant satisfaction and minimize maintenance expenses. This is a rare opportunity to acquire a fully leased, high-performing multifamily portfolio in a desirable location.

    Property profile
    Verified
    Property type Residential income homes
    Total area 1,225 SF
    Lot 2.88 ac (125,453 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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