Property profile

162 Main St Dwight, IL 60420

OFF-MARKET
Commercial real estate
Property ID
US28-4892775
0.09 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, situated in the vibrant heart of downtown Dwight, Illinois, presents a lucrative investment opportunity. The building boasts five one-bedroom, one-bathroom apartment units, all currently occupied by long-term tenants, ensuring a stable rental income stream. Complementing the residential units are three spacious main-level storefronts, two of which are also leased to long-term tenants. This translates to a significant and consistent cash flow for the new owner. The property has undergone extensive renovations, including a new roof, updated plumbing, and upgraded electrical systems, ensuring both functionality and longevity. These recent improvements minimize immediate maintenance concerns and maximize the return on investment. The building's prime location, just minutes from Interstate 55, provides excellent accessibility and visibility, further enhancing its appeal to both residents and businesses. This landmark building offers a rare blend of residential and commercial income potential, making it an ideal acquisition for savvy investors seeking a strong, diversified portfolio addition. The property is offered at $479,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (3,920 SF)
APN 05-05-09-206-001
UPID US28-4892775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

162 Main St Dwight, IL 60420-1341
Dwight metro Census 960100 PONTIAC, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2020
Last sale
$185,000
2 recorded transactions
2020
$185,000
2011
$175,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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