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1850 Madison Ave
Charleston, IL 61920
8 Income Duplexes 1 Location · Multifamily Property For Sale · 16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 14,640 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1987/2015 |
| Building Class | B | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 2.50 AC |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 14,640 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1987/2015 |
| Parking Ratio | 1.71/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Yard
- Dining Room
- Family Room
- Freezer
- Patio
- Smoke Free
- Vinyl Flooring
About 1850 Madison Ave , Charleston, IL 61920
8 Duplexes at One Location - Excellent Investment Property For Sale By Owner in Charleston Illinois for the experienced rental property investor or for new property owners looking to create an instant real estate portfolio. 1850 Madison Ave Charleston Illinois features 8 duplexes (16 units total) all located on one private street on 2.5 acres. 1850 Madison Ave duplexes provide an excellent ROI and are priced to sell. This property is clean, quiet and very easy to maintain. All units are appx. 915 sq. ft., updated 2 BD/1 BA with attached garages and feature spacious yards and mature trees. All units are at 100% occupancy, have excellent rental history at a higher price-point and some have long-term tenants (25+ years). Tenants are a nice mix of retirees, Eastern Illinois University staff and graduate students and working professionals. Located in Charleston, IL, home to Eastern Illinois University and central located between University of Illinois, Champaign-Urbana, IL and Effingham, IL lends to a steady stream of quality renters. Billboard on property provides additional passive income from advertising leasing company. This income property for sale near Charleston, Illinois has been well-maintained and professionally managed by current owner since 2006. This property is turnkey ready. Owner is motivated and willing to work with buyer's agent.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $625.00 | 915 |
PROPERTY TAXES
| Parcel Number | 02-1-02048-000 | Improvements Assessment | $149,957 |
| Land Assessment | $8,652 | Total Assessment | $158,609 |
PROPERTY TAXES
zoning
| Zoning Code | R3 |
| R3 |
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