Property summary
This profitable mixed-use property in Robinson, Illinois, presents a compelling investment opportunity. Located at 301 N. Alexander St., 62454, this 20,020 square foot building comprises a nine-unit apartment complex. Five units have undergone recent remodeling, enhancing their appeal and rental value. The unit mix includes three two-bedroom, one-bathroom units; two efficiency units; and four one-bedroom, one-bathroom units. All units are currently rented, with several long-term tenants providing stable income. The property boasts low-maintenance features, including vinyl siding and a metal roof on the apartment buildings, minimizing upkeep costs. Ample parking is available, providing convenient parking for each unit. This property offers a strong cash flow potential with its established tenancy and efficient design. The location in Robinson, IL, provides access to local amenities and a stable rental market. This is an ideal investment for those seeking a well-maintained, income-producing property with significant upside potential. The asking price is $240,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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