731 Illinois Ave, Huron, SD 57350
This exceptional investment opportunity presents a 40-unit apartment complex located at 731 Illinois Ave NW, Huron, SD, 57350. The property, built in 2008, consists of six, two-story buildings totaling 40 units, situated on spacious, well-maintained grounds in a quiet residential neighborhood. The complex benefits from its convenient location near downtown amenities, including grocery stores, shops, and restaurants. Each unit features individually controlled central heating and air conditioning, in-unit washer and dryer hookups, dishwashers, and generous storage space. Energy-efficient construction contributes to lower utility costs for tenants. The property also includes ample parking and additional lots, offering potential for future expansion. Zoned R4, this turnkey investment boasts solid existing infrastructure, attractive tenant features, and significant growth potential, making it an ideal acquisition for investors seeking a reliable, revenue-generating asset in a desirable location. The asking price is $3,200,000. Virtual tours are available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.