Sherwood Forest Apartments | 1100 W Jeffery St
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Sherwood Forest Apartments 1100 W Jeffery St
80 Unit Apartment Building $5,600,000 ($70,000/Unit) 8.30% Cap Rate Kankakee, IL 60901
Investment Highlights
- Option to Assume Attractive Existing Loan
- Recently Stabilized with 95% Plus Occupancy
- Two Miles from Kankakee Amtrak Station
- Recent Capital Improvements
- Tenant Heated
- Walking Distance to Kankakee High School and Near Kankakee Community College
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$864,810
|
$11.43
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $864,810 |
| Annual Per SF | $11.43 |
Property Facts
| Price | $5,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $70,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.53 AC |
| Cap Rate | 8.30% | Building Size | 75,640 SF |
| No. Units | 80 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Price | $5,600,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 4.53 AC |
| Building Size | 75,640 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1965 |
Site Amenities
- Courtyard
- Laundry Facilities
PROPERTY TAXES
| Parcel Number | 16-17-07-100-007 | Improvements Assessment | $935,380 |
| Land Assessment | $43,670 | Total Assessment | $979,050 |
PROPERTY TAXES
Parcel Number
16-17-07-100-007
Land Assessment
$43,670
Improvements Assessment
$935,380
Total Assessment
$979,050
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Sherwood Forest Apartments | 1100 W Jeffery St
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