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    OFF-MARKET
    Commercial real estate

    533 Brad Ct, Hanna City, IL 61536-9591

    3.8 ac lot
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US28-1678519
    Property summary
    AI-generated overview

    This exceptional 5,348 square foot multifamily property in Hanna City, Illinois, presents a compelling investment opportunity. Situated on a spacious 3.88-acre lot, the property boasts 10 units, each equipped with restrooms, and two units featuring showers. A fully equipped shared kitchen, complete with a new hood, caters to residents' needs. Convenience is further enhanced by an on-site shared laundry facility and a full-service hair salon. The property also includes a partially unfinished basement offering ample storage space. Recent upgrades include a new sprinkler system throughout the building, along with a comprehensive camera system and a backup generator for peace of mind. The property is zoned R3 Multi-Family Residential, ensuring its suitability for its current use and future development. Well-maintained and offering immediate income potential, this property is ideally located near Wildlife Prairie Park and Jubilee College State Park, providing residents with access to outdoor recreation and a tranquil environment. The asking price is $500,000. This is a rare opportunity to acquire a profitable and well-equipped senior and student housing complex in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 3.8 ac (165,528 SF)
    APN 16-10-202-011
    UPID US28-1678519
    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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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Kray Properties LLC · 10 yrs held
    Kray Properties LLC
    since 2016
    6 recorded transactions
    2017
    2016
    2015
    $240,000
    2014
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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