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    OFF-MARKET
    Commercial real estate

    202 Munroe St, Bondville, IL 61815

    560 SF
    Property ID
    US28-1914113
    Property summary
    AI-generated overview

    This exceptional five-unit apartment building presents a compelling investment opportunity in Bondville, Illinois. Located at 202 Munroe St, this mixed-use property boasts a prime corner lot location, offering significant potential for expansion. Imagine adding another five units to this already successful complex, further increasing your return on investment. Each of the existing five units comprises approximately 560 square feet, featuring a comfortable layout with a living room, bedroom, kitchen, and bathroom. Individual utility meters provide convenient tenant billing. The property has benefited from recent upgrades, including a new roof and windows installed in 2010, enhancing energy efficiency and curb appeal. Four of the five units also feature updated furnaces, installed in 2016, ensuring reliable heating for tenants. This income-generating property is situated just minutes from Champaign, providing easy access to amenities and a strong tenant pool. The combination of its existing income stream, expansion potential, and recent improvements makes this a truly remarkable investment opportunity in a desirable location. The property's address is 202 Munroe St, Bondville, IL 61815, within Champaign County.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 560 SF
    UPID US28-1914113
    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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