1400 W Calhoun St | 1400 W Calhoun St
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1400 W Calhoun St 1400 W Calhoun St
12 Unit Apartment Building $675,000 ($56,250/Unit) 10.22% Cap Rate Macomb, IL 61455
Investment Highlights
- Near Western Illinois University Campus
Executive Summary
Value-add opportunity
Current 1 Bedroom Apartments Rent $525
Remodeled Market Rate 1 Bedroom Rents: $625 to $700
Current 1 Bedroom Apartments Rent $525
Remodeled Market Rate 1 Bedroom Rents: $625 to $700
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $675,000 | Apartment Style | Low Rise |
| Price Per Unit | $56,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 10.22% | Building Size | 8,542 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $675,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| Cap Rate | 10.22% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,542 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $542.50 | 545 |
1 of 1
PROPERTY TAXES
| Parcel Number | 11-101-084-00 | Total Assessment | $44,843 (2023) |
| Land Assessment | $4,545 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $40,298 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-101-084-00
Land Assessment
$4,545 (2023)
Improvements Assessment
$40,298 (2023)
Total Assessment
$44,843 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Macomb Real Estate Holdings, LLC
1400 W Calhoun St | 1400 W Calhoun St
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