1870 E Eagle St
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1870 E Eagle St
6 Unit Apartment Building $500,000 ($83,333/Unit) 7.85% Cap Rate Kankakee, IL 60901
Investment Highlights
- Transit Oriented Location
- Value-Add Potential
- Strong Demographics
- Downtown Kankakee
- Strong School District
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 1870 E Eagle Street in Kankakee, Illinois (the “Property”). The Property is comprised of three (3), two-story buildings and contains six (6), 3-Bedroom/1.5-Bathroom units with 6,600 square feet of living space in 8,000 square feet of gross area on a 0.49- acre parcel of land. The well-maintained Property features a private garage for each unit, ample on-site surface parking, and green space for the residents. The Property is well-located along E Eagle Street on the west side of the city. The Property is positioned across the street from Edison Elementary School in a quiet residential neighborhood within walking distance of the Kankakee River. The Property is 0.7-miles from Court Street (IL Route 17), the area’s primary commercial corridor, and 1-mile from downtown Kankakee which offers a number of retail, dining, employment and entertainment amenities. The Property also enjoys convenient access to the Kankakee Train Station, US Route 52, IL Routes 113 and 115, and Interstate 57. Kankakee is centrally located in Kankakee County and is roughly 52 miles south of Chicago.
Property Facts
Price | $500,000 | Building Class | C |
Price Per Unit | $83,333 | Lot Size | 0.49 AC |
Sale Type | Investment | Building Size | 6,600 SF |
Cap Rate | 7.85% | Average Occupancy | 100% |
No. Units | 6 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1980 |
Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
Price | $500,000 |
Price Per Unit | $83,333 |
Sale Type | Investment |
Cap Rate | 7.85% |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.49 AC |
Building Size | 6,600 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 1980 |
Parking Ratio | 1.82/1,000 SF |
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1870 E Eagle St
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