404 Sparta St, Steeleville, IL 62288-1550
This multi-family property located at 404 N Sparta Street, Steeleville, Illinois, presents a compelling investment opportunity. Priced affordably at $179,000, this property offers a cost per unit of less than $25,000, making it an attractive proposition for investors seeking strong returns. Situated on a 0.13-acre lot, the property benefits from its convenient location. It enjoys proximity to shopping areas, schools, public transportation options, and interstate highways, enhancing its appeal to tenants and maximizing its rental potential. The property's precise square footage is to be verified by the buyer, along with other details such as exact measurements, features, lot size, tax assessments and exemptions, and school district information. All information provided is for informational purposes only and should be independently verified by the buyer. Please note that tenants should not be disturbed. This is a fantastic opportunity to acquire a well-situated multi-family property in a desirable location with significant potential for income generation. Act quickly to secure this promising investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.