1320 Mckinley St, Mascoutah, IL 62258
This exceptional 6-unit apartment building presents a lucrative investment opportunity in the thriving Mascoutah, IL market. Completed in September 2023, this meticulously constructed property boasts a total of 10,218 square feet, with each unit offering a spacious 1,703 square feet of living space. The townhome-style design features three bedrooms and 3.5 bathrooms in each unit. The main floor includes a living room, kitchen, dinette, and half-bath. Upstairs, you'll find two bedrooms and two full bathrooms. The lower level provides a family room, an additional bedroom, a full bathroom, and a convenient laundry/utility room. Each unit is equipped with ceiling fans throughout. Situated on a 0.32-acre lot, the property includes 12 parking spaces. The building's multi-family zoning ensures flexibility and potential for future growth. The property's prime location in Mascoutah, IL, a growing municipality, promises strong rental demand and a high return on investment. The asking price is $1,348,000, and the parcel number is 09-36.0-202-014. This is a turnkey opportunity for investors seeking a high-quality, newly constructed multifamily property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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