501 Joliet St
La Salle, IL 61301

$950,000 USD

Apartments For Sale • 11,631 SF

Property Details

Property Type Apartments
Total Building Size 11,631 SF
Lot Size 0.41 AC
Building Class C
Year Built 1970
Zoning B-1

0 Transit Score

74 Walk Score

                
                    Highlights
                
                                12 Unit Building. All two bedrooms.  Projected NOI is $101,813 after last four units are renovated ($8k each). At 8% cap rate, value is $1,272,660
                            
                                Well constructed 12 unit apartment building in a very tight rental market.
                            
                                Renovated units rent for $950 per month. One parking space per unit. Onsite laundry and storage.
                            
                                Call Kennedy Carey at 815-830-3359 or John O'Malley at 312-804-1504 to view property. Flat commission offered of $10,000.