533 Brad Ct, Hanna City, IL 61536-9591
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.
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
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.