Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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